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.
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.
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, Goldman Sachs, Antares, Ares, Deutsche Bank, Golub Capital and Jefferies provided debt financing to support symplr’s acquisition of TractManager from Arsenal Capital Partners.
Culligan will acquire AquaVenture for $27.10 per share in an all-cash transaction valued at approximately $1.1 billion, including AquaVenture’s net debt.
PetIQ has completed the acquisition of Perrigo Animal Health, a manufacturer of vet quality products for pet parents, from Perrigo Company for $185 million in cash.
OnDeck closed a $175 million asset-based revolving credit facility consisting of funds provided by Liberty Mutual Insurance and its affiliates and funds managed by affiliates of Ares Management.
Bloomberg reported that as the credit crisis worsened in 2008, Merrill Lynch sold $2.4 billion of debt backing takeovers of companies to Ares Management at a discount. The bet has reaped annualized gains of 19.25%.