Funds managed by Ares Management’s credit group closed approximately $2 billion in commitments across 31 transactions during the third quarter, totaling $6.4 billion in commitments across 95 transactions year to date.
Below are descriptions of selected transactions that Ares closed during the third quarter:
American Technologies/TSG Consumer Partners
Ares served as the administrative agent and sole lender for a senior secured credit facility to support TSG Consumer Partners’ investment in American Technologies. ATI is a disaster recovery firm that provides a range of restoration, remediation and reconstruction services across a spectrum of industries and end-markets.
EP Wealth Advisors/Berkshire Partners
Ares served as sole lead arranger and administrative agent for a senior secured credit facility to support Berkshire Partners’ investment in EP Wealth Advisors. EP Wealth is a registered investment advisor with a suite of wealth management services, including financial planning, investment management, tax planning and real estate consulting to high net worth families in the U.S.
EverCommerce/Silver Lake Partners
Ares served as the joint lead arranger and joint book runner for a senior secured credit facility to support Silver Lake’s growth plans for EverCommerce, which is a service platform that offers businesses a range of services and solutions through an integrated software platform, including business management tools, payment processing, customer communication and marketing services.
Ares served as the administrative agent for a senior secured credit facility to support Heelstone’s growth plans. Heelstone is a utility-scale solar developer with experience in development, construction, operation and finance.
Ares served as the joint lead arranger and joint book runner for a senior secured credit facility to support Thoma Bravo’s acquisition of Majesco, which is a provider of software solutions for the property and casualty and life and annuities insurance segments, offering core applications and solutions relating to policy administration, billing and invoicing, and claims management.
Safe Home Security
Ares served as the administrative agent for a senior secured credit facility to support Safe Home Security’s growth plans. Safe Home Security is a provider of electronic security services and personal emergency response services.