Ares Administration Corporation Highlights 2nd Quarter and Final Twelve Months U.S. Immediate Lending Commitments

LOS ANGELES–(Business WIRE)–Ares Management Corporation (NYSE: ARES) is supplying facts on particular new financing commitments made throughout its U.S. immediate lending tactics. Funds managed by Ares Management Corporation’s Credit history Team (collectively “Ares”) closed somewhere around $9. billion in commitments throughout 77 transactions all through the 2nd quarter of 2021 and approximately $21.8 billion in commitments throughout 221 transactions in the final twelve-thirty day period time period ended June 30, 2021. This compares to the $1.7 billion in commitments closed across 24 transactions through the next quarter of 2020 and about $12.3 billion in commitments throughout 174 transactions in the twelve-month period of time ended June 30, 2020.

Below is a description of selected transactions that Ares closed in the course of the next quarter.

DecoPac / Kohlberg & Co.

Ares served as the administrative agent and sole direct arranger for a senior secured credit facility to aid Kohlberg & Co.’s acquisition of DecoPac. DecoPac is a foremost supplier of cake decorations and similar solutions to experienced cake decorators and bakeries.

Worldwide Health care Trade / Temasek

Ares served as the administrative agent and direct arranger for a senior secured credit rating facility to guidance World Healthcare Exchange’s (“GHX”) strategic plans. GHX is a primary company of cloud-based mostly technologies and expert services utilized for source chain management by healthcare suppliers and suppliers.

Significant Avenue Coverage Associates / Abry Partners

Ares served as the administrative agent, lead arranger and bookrunner for a senior secured credit score facility and invested most popular and common equity to aid Abry Partners’ acquisition of High Avenue Insurance plan Companions. High Road is a comprehensive service impartial insurance policy brokerage company.

Insightful Science / Insight Companions

Ares served as the administrative agent, joint guide arranger and joint bookrunner for a senior secured credit facility to help Insightful Sciences’ acquisition of Dotmatics. Insightful Science is a everyday living sciences software program business that digitally connects scientists to their concepts and details, advancing the discovery method.

Mavis Tire Express Products and services Corp. / BayPine Partners and TSG Shopper Companions

Ares served as joint direct arranger and joint bookrunner for a senior secured credit rating facility to guidance BayPine and TSG’s acquisition of Mavis. Mavis is a main independent tire vendor and automotive aftermarket support supplier.

Nivel Parts & Manufacturing / Morgan Stanley Personal Equity

Ares served as the administrative agent, joint direct arranger and joint bookrunner for a senior secured credit score facility to support Morgan Stanley Personal Equity’s acquisition of Nivel Areas. Nivel is a sector-top company and distributor of aftermarket pieces for individual transportation motor vehicles (“PTVs”), utility terrain automobiles (“UTVs”), and heavy-obligation machines.

Osmose Utilities Companies, Inc. / EQT Partners

Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit score facility to support a refinancing of Osmose’s indebtedness. Osmose is a primary provider of crucial inspection, servicing and restoration expert services to transmission and distribution infrastructure throughout the U.S.

Scholl’s Wellness Firm / Yellow Wood Associates

Ares served as the administrative agent, joint direct arranger and joint bookrunner for an incremental senior secured credit facility to help the acquisition of the brand’s worldwide organization, Scholl. Scholl’s Wellness Firm is a leading footcare model concentrated on insoles, personalized-suit orthotics and skin treatment method groups.

About Ares Administration Corporation

Ares Administration Corporation (NYSE: ARES) is a foremost world-wide alternate investment decision supervisor featuring customers complementary primary and secondary investment decision remedies throughout the credit, private equity, authentic estate and infrastructure asset courses. We find to provide adaptable funds to assist enterprises and generate worth for our stakeholders and within our communities. By collaborating throughout our investment teams, we goal to deliver constant and attractive expense returns throughout industry cycles. As of June 30, 2021, like the acquisition of Black Creek Group which closed July 1, 2021, Ares Management Corporation’s world wide system experienced somewhere around $262 billion of property under administration, with around 2,000 personnel functioning across North The us, Europe, Asia Pacific and the Center East. For far more information and facts, be sure to stop by www.aresmgmt.com.