Ares Makes More Than $1B in Investments in Sports and Media Sector in Q1/21
Funds managed by Ares Management committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector.
Funds managed by Ares Management committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector.
Stifel Financial hired Charlie Smith as managing director in the firm’s venture and fund banking group. Based in California, Smith will be responsible for West Coast fund banking to venture capital and private equity funds.
BBH Capital Partners added Elena L. Tuttle and Karima Ali-Ahmad as vice presidents and business development officers. Previously, Tuttle was a business development officer with PNC Business Credit, while Ali-Ahmad previously worked for Guggenheim Partners.
IntelePeer completed $110 million in new funding, including $75 million in convertible notes and debt financing from Sixth Street Growth and $35 million in equity from Savant Growth.
HCAP Partners made a follow-on investment in AMFM Healthcare, a provider of intensive mental health treatment. The funding will help support employee development and engagement programs as the company expands operations.
Funds managed by Stonepeak Infrastructure Partners, a private equity firm specializing in infrastructure investing, partnered with Bellinger Asset Management to complete the acquisition of a $1.1 billion performing aircraft loan portfolio from National Australia Bank.
H.I.G. Capital completed a $225 million strategic minority investment in eHealth in the form of convertible preferred stock.
A fund managed by Ares Management’s private equity group signed a purchase agreement to sell Farrow & Ball, a UK-based manufacturer and retailer of paint and wallpaper, to Hempel Group.
Balance Point Capital promoted Elliot Hambrecht to senior associate and hired Seth Tutlis as a managing director and Rory Cunnane and Emily Dang as associates.
Apollo Global Management entered into an agreement to acquire Verizon Media from Verizon for $5 billion. Verizon will retain a 10% stake in the company, which will be known as Yahoo at close of the transaction and continue to be led by Guru Gowrappan as CEO.