Funds managed by Ares Management‘s credit group closed approximately $2.7 billion in direct lending commitments across 40 transactions during Q1/2020.
Below is a description of selected transactions that Ares closed during the quarter.
Ares served as the administrative agent and lead arranger for a senior secured credit facility to support the acquisition of AffiniPay by TA Associates. AffiniPay provides credit-based, check and e-commerce payment processing solutions to professional services firms.
GB Auto Service/Greenbriar Equity Group
Ares served as the administrative agent, lead arranger and bookrunner for an upsize to GB Auto Service’s delayed draw term loan and revolver to support the company’s strategic growth. GB Auto Service is a provider of automotive aftermarket repair service with approximately 130 locations in California, Nevada, Arizona and Texas.
Ares served as the administrative agent, sole lead arranger and sole bookrunner for a senior secured credit facility to support GPM’s strategic growth plans. GPM is a gas station and convenience store operator in the U.S.
MRI Software/TA Associates, Harvest Partners, GI Partners
Ares served as the joint lead arranger for a senior secured credit facility to support the recapitalization of MRI Software by TA Associates, Harvest Partners and GI Partners. MRI is a provider of enterprise software solutions to the real estate industry, offering accounting, property management, business operations and investment management solutions.
Pathway Vet Alliance/TSG Consumer Partners
Ares served as the second lien administrative agent, first lien joint lead arranger and bookrunner for a senior secured credit facility to support the acquisition of Pathway Vet Alliance by TSG Consumer Partners. Pathway is an owner/operator of freestanding veterinary hospitals in the U.S.
Ares Management is an alternative investment manager operating three integrated businesses across credit, private equity and real estate.