Ares Administration Company Highlights Initially Quarter U.S. Direct Lending Commitments

LOS ANGELES–(Organization WIRE)–Ares Management Corporation (NYSE: ARES) is providing particulars on selected new funding commitments designed across its U.S. immediate lending approaches. Cash managed by Ares Management Corporation’s Credit score Team (collectively “Ares”) shut about $3.6 billion in commitments across 45 transactions through the to start with quarter of 2021.

Down below is a description of chosen transactions that Ares closed all through the initial quarter.

AI Fire / Snow Phipps Team

Ares served as the administrative agent, sole loan company and bookrunner for a secured credit facility to guidance Snow Phipps acquisition of AI Fireplace. AI Hearth is a national supplier of hearth safety solutions, delivering inspection, routine maintenance, repair service and set up of moveable fire extinguishers, hearth sprinklers, fire alarms and unexpected emergency lighting techniques.

Professional Trailer Leasing

Ares served as the administrative agent for a senior secured credit rating facility to assistance the company’s strategic strategies. Industrial Trailer Leasing is 1 of the premier trailer leasing organizations in the U.S., specializing in very long-time period leases for dry freight and refrigerated trailers.

Continental Batteries / H.I.G. Capital

Ares served as the administrative agent, sole guide arranger and sole bookrunner for a senior secured credit history facility to help H.I.G. Capital’s acquisition of Continental Batteries. Continental is a primary distributor of aftermarket batteries to the electrical utility auto, automotive, commercial, marine and industrial marketplaces.

ProfitSolv / Lightyear Money & Greater Sum Ventures

Ares served as the administrative agent, direct arranger and bookrunner for a senior secured credit facility to assist ProfitSolv, an existing portfolio enterprise of Lightyear Cash and Larger Sum Ventures. ProfitSolv supplies built-in billing, payments, and software program methods for pros in the authorized, accounting, and other experienced solutions verticals.

Stealth Monitoring / Twin Position Funds

Ares served as the administrative agent for a senior secured credit score facility to support the merger of Stealth Monitoring and EyeWitness Surveillance. The put together business is a foremost movie surveillance company targeted on coming up with, setting up and providing professional-energetic remote video clip checking answers and connected solutions.

Veterinary Practice Partners / Pamlico Money

Ares served as the administrative agent, sole direct arranger and sole bookrunner for a senior secured credit facility to support Pamlico’s advancement options for Veterinary Practice Associates (VPP). VPP is a foremost veterinary apply administration corporation.

WellSky / TPG Money & Leonard Environmentally friendly & Partners

Ares served as the administrative agent and arranger for a senior secured credit score facility to guidance TPG Capital and Leonard Environmentally friendly & Associates strategic plans for the corporation. WellSky is a top well being and local community care engineering organization giving software program, analytics, and solutions that allow clever, coordinated treatment.

Wilshire Associates / CC Cash & Motive Companions

Ares served as the administrative agent, direct arranger and bookrunner for a senior secured credit score facility to assistance CC Capital and Motive Associates acquisition of Wilshire Associates. Wilshire is a major world financial investment technological know-how and advisory business, serving more than 500 institutional and intermediary purchasers and devoted to improving upon results for buyers all over the world.

About Ares Management Corporation

Ares Management Company (NYSE: ARES) is a foremost world wide substitute expenditure supervisor working built-in groups across Credit history, Personal Equity, Serious Estate and Strategic Initiatives. Ares Management’s expense teams collaborate to produce revolutionary investment decision methods and reliable, eye-catching expense returns for fund investors all through market cycles. As of March 31, 2021, Ares Management’s worldwide platform had approximately $207 billion of property underneath administration with more than 1,450 staff functioning throughout North The us, Europe and Asia Pacific. For far more information and facts, make sure you go to www.aresmgmt.com.