RBC Capital Markets Supports KeyW Acquisition of Sotera
KeyW signed an agreement to acquire Sotera Defense Solutions in an all-cash transaction valued at approximately $235 million. RBC Capital Markets is providing a senior secured facility to support the acquisition.
Ares Provides New $250MM Facility to Gastar Exploration
Gastar Exploration closed refinancing transactions with funds managed by affiliates of Ares Management. The transactions include a $250 million secured term loan, the issuance of $125 million secured convertible notes and a $50 million purchase of Gastar common stock.
Former Oaktree Credit Head Joins Ares Management
Scott Graves, former head of Credit at Oaktree Capital Management, joined Areas Management as a partner.
Ares Management Acquires American Capital
Ares Management increased its total assets to $12.3 billion through its acquisition of American Capital.
US Capital, Ares Management Provide $8MM Unitranche for Fulham
US Capital closed an $8 million unitranche stretch facility for Fulham. The facility is being provided in financial partnership with Ares Management.
Antares, Ares, Varagon Provide Financing to Support Warburg Acquisition
Private equity firm Warburg Pincus entered into agreement whereby one of its affiliates will invest in Hygiena. Antares Capital, Ares Management and Varagon Capital will provide debt financing to support the transaction.
Ares Closes Third European Direct Lending Fund
Ares Management announced the closing of its third European direct lending fund, Ares Capital Europe III.
Bloomberg: Bartec Lenders Said to Retain Deloitte for Negotiations
Bloomberg reported that Deloitte has been retained as an advisor by a group of Bartec GmbH lenders as they negotiate with the oil and gas equipment maker’s private equity owner.
Ares Management Closes $350MM Clayton Williams Energy Deal
Clayton Williams Energy closed its previously announced $350 million term loan transaction with funds managed by Ares Management.