Ares provided details on new financing commitments. Funds managed by the company’s credit group closed approximately $2 billion in commitments across 31 transactions during the third quarter, totaling $6.4 billion in commitments across 95 transactions year to date.
Funds managed by Ares Management’s credit group closed approximately $2.7 billion in direct lending commitments across 40 transactions during Q1/2020.
Duckhorn Wine was acquired by equity investor TSG Consumer Partners. Law firm Buchalter represented Bank of the West as the administrative agent in a syndicated facility to support the acquisition