Ares Management Announces Fourth Quarter and Full Year 2024 U.S. Direct Lending Origination Activity
Ares Management (NYSE:ARES) reported significant lending activity for Q4 and full-year 2024. The company closed $13.8 billion in U.S. direct lending commitments across 90 transactions during Q4 2024, and achieved a record $48.2 billion in commitments across 341 transactions for the full year ended December 31, 2024.
Notable Q4 transactions included financing support for major acquisitions and growth initiatives, such as Novo Holdings' acquisition of Catalent, Bansk Group's take-private of PetIQ, and Badia Spices' acquisition by Bia Foods. Ares served in various capacities including administrative agent, lead arranger, and bookrunner for these transactions, supporting companies across diverse sectors including pharmaceuticals, pet wellness, aerospace, defense, and digital services.
Ares Management (NYSE:ARES) ha riportato un'attività di prestito significativa per il quarto trimestre e per l'intero anno 2024. L'azienda ha chiuso 13,8 miliardi di dollari in impegni di prestito diretto negli Stati Uniti attraverso 90 transazioni durante il quarto trimestre 2024, raggiungendo un record di 48,2 miliardi di dollari in impegni su 341 transazioni per l'anno intero conclusosi il 31 dicembre 2024.
Tra le transazioni significative del quarto trimestre ci sono stati supporti finanziari per importanti acquisizioni e iniziative di crescita, come l'acquisizione di Catalent da parte di Novo Holdings, l'acquisizione di PetIQ da parte di Bansk Group e l'acquisizione di Badia Spices da parte di Bia Foods. Ares ha operato in varie capacità, tra cui agente amministrativo, arrangiatore principale e bookrunner per queste transazioni, supportando aziende in diversi settori, tra cui farmaci, benessere degli animali domestici, aerospaziale, difesa e servizi digitali.
Ares Management (NYSE:ARES) reportó una actividad de préstamo significativa para el cuarto trimestre y el año completo 2024. La empresa cerró 13.8 mil millones de dólares en compromisos de préstamo directo en EE. UU. a través de 90 transacciones durante el cuarto trimestre de 2024, y alcanzó un récord de 48.2 mil millones de dólares en compromisos a través de 341 transacciones para el año completo que terminó el 31 de diciembre de 2024.
Las transacciones notables del cuarto trimestre incluyeron apoyo financiero para importantes adquisiciones e iniciativas de crecimiento, como la adquisición de Catalent por parte de Novo Holdings, la compra de PetIQ por parte de Bansk Group y la adquisición de Badia Spices por parte de Bia Foods. Ares desempeñó diversas funciones, incluyendo agente administrativo, organizador principal y bookrunner para estas transacciones, apoyando a empresas en sectores diversos como farmacéuticos, bienestar de mascotas, aeroespacial, defensa y servicios digitales.
Ares Management (NYSE:ARES)는 2024년 4분기 및 전체 연도에 대한 중요한 대출 활동을 보고했습니다. 이 회사는 2024년 4분기 동안 90건의 거래에서 미국 직접 대출 약정 138억 달러를 체결하였으며, 2024년 12월 31일 종료된 전체 연도에서 341건의 거래를 통해 기록적인 482억 달러의 약정을 달성하였습니다.
4분기 주요 거래에는 Catalent에 대한 Novo Holdings의 인수, PetIQ를 비상장으로 인수한 Bansk Group, Badia Spices의 Bia Foods 인수와 같은 주요 인수 및 성장 이니셔티브에 대한 금융 지원이 포함되었습니다. Ares는 이러한 거래에서 행정 대리인, 주관 arranger 및 bookrunner 등 다양한 역할을 수행하며, 제약, 반려동물 웰빙, 항공우주, 방위 및 디지털 서비스 등 다양한 분야의 기업을 지원하였습니다.
Ares Management (NYSE:ARES) a rapporté une activité de prêt significative pour le quatrième trimestre et l'année entière 2024. L'entreprise a conclu 13,8 milliards de dollars en engagements de prêt direct aux États-Unis à travers 90 transactions au cours du quatrième trimestre 2024, atteignant un record de 48,2 milliards de dollars en engagements sur 341 transactions pour l'année entière se terminant le 31 décembre 2024.
Les transactions notables du quatrième trimestre comprenaient un soutien financier pour de grandes acquisitions et initiatives de croissance, comme l'acquisition de Catalent par Novo Holdings, l'achat de PetIQ par Bansk Group, et l'acquisition de Badia Spices par Bia Foods. Ares a exercé diverses fonctions, y compris celle d'agent administratif, d'arrangeur principal et de bookrunner pour ces transactions, soutenant des entreprises dans divers secteurs tels que la pharmacie, le bien-être des animaux, l'aérospatiale, la défense et les services numériques.
Ares Management (NYSE:ARES) hat für das vierte Quartal und das gesamte Jahr 2024 eine signifikante Kreditaktivität gemeldet. Das Unternehmen hat im vierten Quartal 2024 13,8 Milliarden Dollar an direkten Kreditverpflichtungen in den USA bei 90 Transaktionen abgeschlossen und erreichte mit 48,2 Milliarden Dollar an Verpflichtungen bei 341 Transaktionen einen Rekord für das gesamte Jahr, das am 31. Dezember 2024 endete.
Bemerkenswerte Transaktionen im vierten Quartal umfassten finanzielle Unterstützung für bedeutende Übernahmen und Wachstumsinitiativen, wie die Übernahme von Catalent durch Novo Holdings, die Take-Private-Transaktion von PetIQ durch die Bansk Group und die Übernahme von Badia Spices durch Bia Foods. Ares trat in verschiedenen Funktionen auf, darunter administrative Agenten, Hauptarrangierer und Bookrunner für diese Transaktionen und unterstützte Unternehmen in verschiedenen Sektoren, einschließlich Pharmazie, Tiergesundheit, Luft- und Raumfahrt, Verteidigung und digitalen Dienstleistungen.
- Record-breaking $48.2 billion in direct lending commitments for full-year 2024
- Strong Q4 performance with $13.8 billion in new commitments
- Diverse portfolio expansion across multiple high-growth sectors
- Multiple high-profile deals with major private equity firms
- None.
Insights
Ares Management's exceptional $48.2 billion in U.S. direct lending commitments for 2024 marks a significant milestone, demonstrating the firm's dominant position in private credit markets. The $13.8 billion Q4 deployment across 90 transactions reflects continued momentum in private market activity despite broader market volatility.
The transaction portfolio reveals a sophisticated strategy focused on resilient sectors. Key deals include market leaders like Catalent (healthcare), Squarespace (technology) and PetIQ (pet care), representing defensive industries with strong cash flow characteristics. The emphasis on sponsor-backed transactions with established private equity firms like Carlyle, Permira and Centerbridge suggests robust underwriting standards and built-in equity cushions.
Most impressive is Ares' ability to serve as the sole or lead arranger in multiple billion-dollar transactions, indicating strong market position and relationships. The diversification across sectors provides natural portfolio protection, while the focus on essential business services and healthcare reduces cyclical exposure.
The record origination volume has significant implications for Ares' future earnings potential through:
- Management fees on newly deployed capital
- Potential for additional fee streams from arrangement and syndication
- Interest income from floating-rate loans in a high-rate environment
With private credit continuing to gain market share from traditional lending, Ares' scale and execution capabilities position it favorably to capture additional market share in 2025. The strong deal pipeline and diverse sector exposure demonstrate the platform's ability to maintain disciplined growth while managing risk effectively.
NEW YORK, NY / ACCESS Newswire / February 5, 2025 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately
Badia Spices / Bia Foods and BDT & MSD Partners
Ares served as administrative agent, sole arranger and bookrunner for a senior secured credit facility to support the acquisition of Badia Spices by Bia Foods and funds affiliated with BDT & MSD Partners. Badia Spices is North America's largest independently owned spices & seasonings brand.
Catalent / Novo Holdings
Ares served as an administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Novo Holdings' acquisition of Catalent. Catalent is a leading global contract development and manufacturing organization that supports pharma, biotech and consumer health customers in product development, launch and full life-cycle supply.
Five Star Breaktime Solutions / Freeman Spogli
Ares served as an administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Freeman Spogli's continued growth plans for Five Star Breaktime Solutions. Five Star is a provider of on-site, unattended micro market, vending, and refreshment service solutions to employers.
The Hilb Group / Carlyle
Ares served as an administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Carlyle's continued growth plans for The Hilb Group. The Hilb Group is a multi-line insurance brokerage with a full suite of commercial P&C lines and employee benefits products serving small and middle-market companies, as well as personal insurance to individuals and high net worth clients.
Ignite Fitness / TowerBrook Capital Partners
Ares served as an administrative agent and sole lead arranger for a senior secured credit facility to support TowerBrook Capital Partners' continued growth plans for Ignite Fitness. Ignite Fitness is one of the largest Planet Fitness franchisees in the country, operating 134 clubs across the U.S. and Canada.
MicroStar Logistics / Freeman Spogli & Co.
Ares served as administrative agent for a senior secured credit facility to support the continued growth of MicroStar Logistics. MicroStar Logistics is a leading provider of keg management solutions for the beer industry across the U.S. and internationally.
PetIQ / Bansk Group
Ares served as an administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Bansk Group's take private of PetIQ. PetIQ is a leading pet medication and wellness company, providing pharmaceutical products and vet services to 1.2+ million pets through 60,000 points of distribution across the U.S.
Precinmac / Centerbridge Partners
Ares served as administrative agent, joint lead arranger, and joint bookrunner for a senior secured credit facility to support Centerbridge Partners' acquisition of Precinmac. Precinmac specializes in manufacturing high-complexity, precision-machined components and assemblies for aerospace, defense, space, semiconductor, and other end markets through a network of nine facilities across the U.S. and Canada.
Squarespace / Permira Advisers
Ares served as a joint lead arranger for a senior secured credit facility to support Permira Advisers' acquisition of Squarespace. Squarespace is a leading SMB enablement platform for entrepreneurs and SMBs to easily create and manage an online presence. The product offering includes a diverse and differentiated suite of tools including web presence, hosting, domains, security and payments.
About Ares Management Corporation
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, Ares Management Corporation's global platform had over
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SOURCE: Ares Management Corporation
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