Ares Archives - ABFJournal

Ares Management to Acquire GCP International

Ares Management entered into a definitive agreement to acquire the international business of GLP Capital Partners and certain of its affiliates, excluding its operations in Greater China, and existing capital commitments to certain managed funds, in a transaction valued at $3.7 billion.

Second Avenue and Ares Provide Gabe’s with New $175MM Credit Facility

Second Avenue Capital Partners (SACP), a Schottenstein affiliate, closed a $175 million senior secured revolving line of credit for Gabe’s, an off-price retailer. The new credit facility was provided by SACP and Ares Management funds.

Ares Commercial Finance Provides a $30MM Credit Facility to Shapiro Metals

Ares Commercial Finance provided a $30 million senior secured revolving line of credit to Shapiro Metals. Proceeds from the financing enabled the company to refinance existing indebtedness and will provide additional liquidity for working capital and customer expansion.

September 25, 2024 Ares | Ares Commercial Finance | Senior Secured Revolving Line of Credit | Shapiro Metals Brianna Wilson

Second Avenue, SB360 and Ares Provide $112MM Credit Facility to Support Backcountry Acquisition

Schottenstein affiliates Second Avenue Capital Partners and SB360 Capital Partners, along with Ares Commercial Finance, closed a $112 million senior secured revolving credit facility and term loan for Backcountry, a specialty retailer of outdoor gear and apparel.

Ares Commercial Finance Provides a $25MM Credit Facility to Pegasus Home Fashions

Ares Commercial Finance provided a $25 million senior secured revolving line of credit to Pegasus Home Fashions. Proceeds from the financing enabled Pegasus to refinance existing indebtedness and will provide additional capital for working capital purposes.

September 4, 2024 Ares | Ares Commercial Finance | credit facility | Pegasus Home Fashions Brianna Wilson

Ares Management Closes $34B for U.S. Senior Direct Lending Strategy

Ares Management, a global alternative investment manager, closed Ares Senior Direct Lending Fund III. The total capital base for SDL III is expected to be approximately $33.6 billion, which includes equity commitments in related vehicles and anticipated leverage.

July 31, 2024 Ares | Ares Management | Ares Senior Direct Lending Fund III | Mark Affolter | Mitch Goldstein Brianna Wilson

J.P. Morgan and Others Support Clearlake’s Completed Acquisition of Cornerstone OnDemand

Clearlake Capital Group completed its acquisition of Cornerstone OnDemand. J.P. Morgan, BofA Securities, Ares, Golub Capital, Antares Capital, Barclays, Blue Owl, BMO Capital Markets, BNP Paribas, Credit Suisse, Goldman Sachs and Jefferies provided debt financing for the transaction.

Ares Pays $1.08B for Landmark Partners

A subsidiary of Ares Management entered into a definitive agreement with a subsidiary of BrightSphere Investment Group and Landmark Investment Holdings to acquire 100% of Landmark Partners. The transaction is valued at $1.08 billion.

Ares Leads $100MM in Debt Financing for Faraday Future

Faraday Future, a California-headquartered global shared intelligent mobility ecosystem company, raised approximately $100 million in debt financing commitments led by Ares, with existing lender Birch Lake and other lenders joining the debt financing round.

Credit Suisse and Others Provide Debt Financing for symplr to Acquire TractManager

Credit Suisse, Goldman Sachs, Antares, Ares, Deutsche Bank, Golub Capital and Jefferies provided debt financing to support symplr’s acquisition of TractManager from Arsenal Capital Partners.

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