Ares Management Corporation Stock Price, News & Analysis

Antares Capital has successfully closed its first continuation vehicle with over $1.2 billion in commitments, led by Ares Management Corporation's Credit Secondaries funds. The vehicle was created to acquire assets and limited partner interests from two comingled private credit funds, encompassing more than 100 underlying first lien, floating rate loans originated and managed by Antares. This transaction represents Ares' largest credit secondary investment to date and provides existing investors with a liquidity option while offering new investors access to Antares-originated private credit assets. The deal strengthens the strategic partnership between Antares and Ares while expanding Antares' platform capabilities in providing liquidity solutions.

Ares Commercial Finance (ARES) and Ansley Park Capital have jointly provided a $30 million financing package to Shimmick Corporation, an Irvine-based infrastructure solutions provider. The package consists of a $15 million senior secured revolving line of credit from ACF and a $15 million machinery and equipment term loan from Ansley Park Capital.

The financing will be used to refinance existing debt and provide additional liquidity for Shimmick, which specializes in water, climate resilience, energy transition, and sustainable transportation infrastructure projects. The customized credit facility aims to support Shimmick's project pipeline throughout 2025 and beyond.

Ares Capital Corporation (ARCC) has priced a $750 million public offering of unsecured notes with a 5.500% interest rate, maturing on September 1, 2030. The notes can be redeemed at any time at par plus a "make-whole" premium. The offering, led by multiple prominent financial institutions including BofA Securities, J.P. Morgan Securities, and RBC Capital Markets as joint book-running managers, is expected to close on June 3, 2025. The company plans to use the net proceeds to repay existing debt facilities, with the option to reborrow for general corporate purposes, including portfolio company investments.

Ares Management (ARES) has acquired a majority stake in Landscape Workshop, one of the largest landscaping companies in the U.S. With 38 locations across the Southeast, Landscape Workshop provides comprehensive grounds maintenance services for commercial properties, including landscape maintenance, enhancements, seasonal color, irrigation systems, and installations.

The acquisition will provide Landscape Workshop with additional capital to expand its regional footprint and pursue strategic acquisitions. The company's CEO, J.T. Price, will continue leading the organization, replacing previous partner Carousel Capital. The company employs degreed horticulturalists, expert landscapers, irrigation specialists, and hundreds of E-verified, background-checked employees.

Ares Management Corporation (NYSE: ARES) has announced the opening of a new office in Milan, Italy, expanding its European presence. This strategic move aims to enhance the firm's access to the Italian market and strengthen its ability to raise and invest capital across various strategies, particularly in European Direct Lending, Wealth Management, and European Real Estate platforms.

The firm has already deployed over €1.6 billion to support Italian businesses and assets as of March 31, 2025. Tyrone Cooney, Partner & Head of France and Southern Europe for European Direct Lending, will lead a team of senior investment professionals in the Milan office. With the recent acquisition of GCP International, Ares now operates in 13 European countries, demonstrating its commitment to a localized investment approach since entering Europe in 2007.

Awayday, a leading U.S. vacation rental property manager, has secured a strategic investment from Ares Management Private Equity fund. The company currently manages over 9,000 properties through its portfolio of local brands. LightBay Capital, the existing financial sponsor, has fully realized its Fund I investment and reinvested alongside Ares in Fund II. Awayday provides comprehensive services including property listing, online bookings, housekeeping, and maintenance, with 24/7 support for property owners and guests. The new partnership will provide additional capital to scale operations, accelerate acquisitions, drive organic growth, and enhance service offerings. Under LightBay's previous partnership, Awayday improved margins, increased revenue per unit, and enhanced customer satisfaction.

Ares Management Corporation (NYSE:ARES) reported strong direct lending activity in Q1 2025, closing $11.5 billion in U.S. direct lending commitments across 81 transactions. The company achieved a record-breaking milestone of $50.4 billion in direct lending commitments across 351 transactions for the 12 months ended March 31, 2025. The press release detailed 13 significant transactions where Ares served as administrative agent, lead arranger, or bookrunner for various senior secured credit facilities. These deals supported major private equity firms including TPG Capital, Permira, Bain Capital, and Carlyle in acquisitions and growth initiatives across diverse sectors such as aviation, healthcare, insurance, and technology.

Ares Management Corporation (NYSE:ARES) reported strong Q1 2025 financial results, with GAAP net income of $47.2 million. The company achieved significant growth metrics, including fee related earnings of $367.3 million and after-tax realized income of $381.4 million ($1.09 per share). Notably, assets under management surpassed half a trillion dollars.

The company declared a quarterly dividend of $1.12 per share for Class A and non-voting common stock, payable on June 30, 2025. Additionally, a quarterly dividend of $0.84375 per share was declared for Series B mandatory convertible preferred stock. The company highlighted its recent acquisition of GCP International, strengthening its Real Assets business, and noted nearly $100 billion in assets not yet paying fees.

Ares Capital Corporation (NASDAQ: ARCC) announced its Q1 2025 financial results and declared a Q2 2025 dividend of $0.48 per share, payable June 30, 2025. Key highlights include:

The company reported net investment income of $365 million ($0.54 per share), while GAAP net income decreased to $241 million ($0.36 per share) compared to $449 million ($0.76 per share) in Q1 2024. Portfolio investments reached $27.13 billion at fair value.

Notable developments include:

• Leadership transition: CEO Kipp deVeer stepping down, Kort Schnabel taking over April 30
• New investment commitments of $3.5 billion, with 92% in first lien senior secured loans
• Strong balance sheet with leverage below 1x net debt to equity
• Portfolio quality remains stable with weighted average grade of 3.1
• Successful issuance of $1 billion in unsecured notes due March 2032

The company maintains significant financial flexibility with $647 million in cash and $5.4 billion available for additional borrowings.