Ares Commercial Finance Provides $32MM Facility to Confluence Outdoor

Ares Commercial Finance provided a $32 million senior secured revolving line of credit to Confluence Outdoor.

Ares Management Acquires HVAC Services Company CoolSys

Ares Management announced that a fund managed by its private equity group has acquired CoolSys, a refrigeration and HVAC services company, from Audax Private Equity. Terms of the transaction were not disclosed.

Ares Management Wins Multiple Industry Awards

Ares Management won five reader awards from two related industry publications, Private Debt Investor and Private Equity International.

Ares Management Ends 2018 with Strong Fourth Quarter

Ares Management reported its financial results for its fourth quarter and year ended December 31, 2018.

Ares Provides $50MM Facility to EasyPay Finance

An affiliate of Ares Management provided a $50 million credit facility to EasyPay Finance, a national provider of consumer installment financing for automotive services and repairs.

Bush Joins Ares Management Board of Directors

Antionette Bush joined the Ares Management board of directors as an independent director.

Ares Direct Lending Fund Closes with $3B in Total Commitments

Ares Management closed its inaugural, commingled U.S. senior direct lending fund with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target.

Ares Management Acquires Three Texas Wind Farms from BP

A fund managed by Ares Management’s Infrastructure and Power strategy closed on the acquisition of three operating utility-scale wind facilities in Texas from BP Wind Energy North America.

ACF Finco, Ares Agent $120MM ABL Financing for Teligent

Pharmaceutical company Teligent entered into a new senior-secured asset-based first lien revolver with ACF Finco I as administrative agent and a definitive second lien credit agreement with Ares Capital as administrative agent.

Marble Ridge Sues Neiman Marcus Over Alleged Fraud Scheme to Benefit Ares Management

Marble Ridge Capital brought suit against Neiman Marcus Group, alleging the company had fraudulently transferred $1 billion in assets for no consideration in order to benefit Ares Management and the Canada Pension Plan Investment Board, the beneficial owners of the Group.