Daily News: November 5, 2018

Ares Management Provides $2.9B in Commitments in Q3/18


Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.

Those transactions included, among others:

  • Alcami/Madison Dearborn Partners

Ares served as administrative agent, joint lead arranger and bookrunner for senior credit facilities to support the acquisition of drug development services provider Alcami by Madison Dearborn. Ares also made an equity co-investment alongside Madison Dearborn.

  • Apex Clean Energy

Ares served as administrative agent for a term loan to support the company’s future growth objectives. Apex Clean Energy develops, constructs, and operates utility-scale wind and solar power facilities across North America.

  • Cadence Aerospace/Arlington Capital Partners

Ares served as administrative agent, issuing lender, joint lead arranger and bookrunner in an incremental term loan to support Cadence Aerospace’s acquisition of Perfekta Aerospace.

  • Implus Footcare/Berkshire Partners

Ares served as administrative agent, lead arranger, and bookrunner for a term loan to support the acquisition of SKLZ by Implus, a provider of athletic, fitness and outdoor accessory products.

  • Premise Health Holding/OMERS Private Equity

Ares served as administrative agent, joint lead arranger and joint bookrunner for senior secured credit facilities to support the acquisition of employer-sponsored onsite health and wellness provider Premise Health by OMERS Private Equity.

  • Procare Software/Warburg Pincus

Ares served as joint lead arranger and joint bookrunner for a senior secured credit facility to support the recapitalization of and growth investment in Procare Software by Warburg Pincus.

  • Solis Mammography/Madison Dearborn Partners

Ares served as administrative agent and joint lead arranger for a senior secured credit facility to support the recapitalization of Solis Mammography by Madison Dearborn Partners.

  • Varsity Brands/Bain Capital

Ares served as administrative agent for a second lien term note to support the growth strategy of Varsity Brands, a manufacturer and supplier of athletic gear, recognition awards, graduation-related products and cheerleading products and services.