Funds managed by Ares Management’s credit group closed approximately $3.6 billion in commitments across 45 transactions during Q1/21.
Below is a description of selected transactions that Ares closed during the first quarter.
AI Fire/Snow Phipps Group
Ares served as the administrative agent, sole lender and bookrunner for a secured credit facility to support Snow Phipps’ acquisition of AI Fire, a provider of fire protection services, including the inspection, maintenance, repair and installation of portable fire extinguishers, fire sprinklers, fire alarms and emergency lighting systems.
Commercial Trailer Leasing
Ares served as the administrative agent for a senior secured credit facility to support Commercial Trailer Leasing’s strategic plans. Commercial Trailer Leasing is a leasing company that specializes in long-term leases for dry freight and refrigerated trailers.
Continental Batteries/H.I.G. Capital
Ares served as the administrative agent, sole lead arranger and sole bookrunner for a senior secured credit facility to support H.I.G. Capital’s acquisition of Continental Batteries, a distributor of aftermarket batteries to the electric utility vehicle, automotive, commercial, marine and industrial markets.
ProfitSolv/Lightyear Capital & Greater Sum Ventures
Ares served as the administrative agent, lead arranger and bookrunner for a senior secured credit facility to support ProfitSolv, an existing portfolio company of Lightyear Capital and Greater Sum Ventures. ProfitSolv provides integrated billing, payments and software solutions for professionals in the legal, accounting and other professional services verticals.
Stealth Monitoring/Twin Point Capital
Ares served as the administrative agent for a senior secured credit facility to support the merger of Stealth Monitoring and EyeWitness Surveillance. The combined company is a video surveillance business focused on designing, installing and providing proactive remote video monitoring solutions and related services.
Veterinary Practice Partners/Pamlico Capital
Ares served as the administrative agent, sole lead arranger and sole bookrunner for a senior secured credit facility to support Pamlico’s growth plans for Veterinary Practice Partners, a veterinary practice management company.
WellSky/TPG Capital & Leonard Green & Partners
Ares served as the administrative agent and arranger for a senior secured credit facility to support TPG Capital and Leonard Green & Partners’ strategic plans for WellSky, a health and community care technology company providing software, analytics and services that enable intelligent, coordinated care.
Wilshire Associates/CC Capital & Motive Partners
Ares served as the administrative agent, lead arranger and bookrunner for a senior secured credit facility to support CC Capital and Motive Partners’ acquisition of Wilshire Associates, a global investment technology and advisory company serving more than 500 institutional and intermediary clients.
