Ares Management Corporation Highlights 1st Quarter U.S. Direct Lending Commitments
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Close to $3.6 Billion in New U.S. Immediate Lending Commitments Closed in the Initially Quarter
LOS ANGELES–(Business WIRE)–
Ares Administration Company (NYSE: ARES) is giving particulars on sure new funding commitments manufactured throughout its U.S. immediate lending tactics. Resources managed by Ares Management Corporation’s Credit rating Team (collectively “Ares”) closed around $3.6 billion in commitments throughout 45 transactions through the very first quarter of 2021.
Below is a description of picked transactions that Ares shut all through the first quarter.
AI Hearth / Snow Phipps Group
Ares served as the administrative agent, sole loan provider and bookrunner for a secured credit facility to guidance Snow Phipps acquisition of AI Hearth. AI Hearth is a national company of hearth protection companies, giving inspection, servicing, repair service and set up of portable fireplace extinguishers, fire sprinklers, hearth alarms and crisis lighting units.
Commercial Trailer Leasing
Ares served as the administrative agent for a senior secured credit facility to guidance the company’s strategic strategies. Commercial Trailer Leasing is one particular of the most significant trailer leasing businesses in the U.S., specializing in very long-expression leases for dry freight and refrigerated trailers.
Continental Batteries / H.I.G. Funds
Ares served as the administrative agent, sole guide arranger and sole bookrunner for a senior secured credit history facility to support H.I.G. Capital’s acquisition of Continental Batteries. Continental is a main distributor of aftermarket batteries to the electric powered utility vehicle, automotive, commercial, maritime and industrial markets.
ProfitSolv / Lightyear Cash & Better Sum Ventures
Ares served as the administrative agent, guide arranger and bookrunner for a senior secured credit facility to guidance ProfitSolv, an existing portfolio company of Lightyear Funds and Larger Sum Ventures. ProfitSolv provides integrated billing, payments, and application options for pros in the legal, accounting, and other professional solutions verticals.
Stealth Checking / Twin Position Capital
Ares served as the administrative agent for a senior secured credit rating facility to aid the merger of Stealth Checking and EyeWitness Surveillance. The put together business is a primary online video surveillance organization focused on developing, setting up and providing pro-energetic remote movie checking solutions and relevant solutions.
Veterinary Observe Companions / Pamlico Cash
Ares served as the administrative agent, sole direct arranger and sole bookrunner for a senior secured credit history facility to support Pamlico’s development plans for Veterinary Exercise Associates (VPP). VPP is a major veterinary follow administration corporation.
WellSky / TPG Capital & Leonard Inexperienced & Companions
Ares served as the administrative agent and arranger for a senior secured credit history facility to guidance TPG Cash and Leonard Environmentally friendly & Companions strategic plans for the corporation. WellSky is a leading wellness and community care technology company providing application, analytics, and products and services that enable intelligent, coordinated treatment.
Wilshire Associates / CC Money & Motive Partners
Ares served as the administrative agent, lead arranger and bookrunner for a senior secured credit facility to assistance CC Funds and Motive Companions acquisition of Wilshire Associates. Wilshire is a leading world-wide investment engineering and advisory organization, serving much more than 500 institutional and middleman clientele and committed to increasing outcomes for investors globally.
About Ares Management Company
Ares Administration Company (NYSE: ARES) is a major world wide choice expenditure manager working built-in teams across Credit, Private Fairness, True Estate and Strategic Initiatives. Ares Management’s investment teams collaborate to provide revolutionary expenditure answers and dependable, desirable expenditure returns for fund traders all through market place cycles. As of March 31, 2021, Ares Management’s worldwide system had approximately $207 billion of assets under administration with extra than 1,450 staff functioning throughout North The us, Europe and Asia Pacific. For more information, be sure to pay a visit to www.aresmgmt.com.
Perspective resource version on businesswire.com: https://www.businesswire.com/news/property/20210430005091/en/
Ares Management Company
Carl Drake, (888) 818-5298
[email protected]
or
John Stilmar, (888) 818-5298
[email protected]
Media:
Mendel Communications LLC
Invoice Mendel, 212-397-1030
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Source: Ares Management Company
