Through its global direct lending platform, Ares Management is serving as the lead arranger for a £1.875 billion ($2.34 billion) financing commitment to The Ardonagh Group, an independent insurance broker.
Coty signed a definitive agreement with KKR as part of a transformation that will deleverage Coty’s balance sheet, streamline its operations and strengthen its leadership team. KKR is investing $1 billion directly into Coty through the issuance of convertible preferred shares.
An affiliate of KKR signed a $170 million term loan agreement with Aimmune Therapeutics, a biopharmaceutical company developing treatments for potentially life-threatening food allergies.
Matthew Kretzman joined H.I.G. Capital’s New York office as managing director responsible for capital markets and execution across the North American private equity portfolio.
SMART Global Holdings acquired Penguin Computing, a privately held company specializing in compute and storage solutions targeting applications in artificial intelligence, machine learning and high-performance computing.
The Ares Management Credit Group closed 49 transactions during Q1/18 closed which totaled approximately $3.0 billion in commitments.
Toys “R” Us filed a motion seeking bankruptcy court approval to begin the process of conducting an orderly wind-down of its U.S. business and liquidation of inventory in all 735 of the company’s U.S. stores.
KKR appointed Jacques Veyrat senior advisor for KKR’s investment activities in France. He will work closely with Henry Kravis, Johannes Huth and the wider EMEA leadership team.
Reuters reported 13 banks, including Credit Suisse and Deutsche Bank, have been charged with arranging a €5.65 billion ($7.03 billion) equivalent debt financing to back KKR’s €6.83 billion ($8.49 billion) acquisition of Unilever’s margarine and spreads business.