Ares Holdings, a subsidiary of Ares Management, has entered into a definitive agreement to acquire a controlling interest in SSG Capital Holdings and its operating subsidiaries.
SSG Capital Advisors acted as investment banker to Philadelphia Academic Health System (PAHS) and its operating subsidiaries St. Christopher’s Healthcare in the sale of substantially all their assets to an affiliate of Tower Health and Drexel University.
MidMark Financial Group, The Cynosure Group and The 4612 Group invested $113 million in growth capital to acquire majority control of SG Credit Partners. As part of the transaction, Andrew Hettinger, Lon Brown and Christopher Koenig will join the firm.
SSG Capital acted as the investment banker to US Bentonite, Rock Springs Mineral Processing, Rock Springs Properties and Bucknum Properties in the sale of substantially all of its assets to an affiliate of Tolsa SA.