Ares Supports PetIQ Acquisition of Perrigo Animal Health

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.

Ares Provides $18.75MM Credit Facility to Walle

Ares Commercial Finance provided an $18.75 million senior secured credit facility to Walle Corporation.

OnDeck Adds New $175MM ABL Revolver from Liberty Mutual, Ares

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.

Ares Selling $2.4B of Crisis-Era Debt as Peak Seen

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%.