Ares Management Corporation Highlights Second Quarter and Last Twelve Months U.S. Direct Lending Commitments

Rhea-AI Summary

Ares Management Corporation (NYSE: ARES) reported significant financing commitments in its U.S. direct lending strategies. In Q2 2021, Ares closed approximately $9.0 billion across 77 transactions, a substantial increase from $1.7 billion in Q2 2020. Over the past year, total commitments reached $21.8 billion across 221 transactions, compared to $12.3 billion in the prior year. Key transactions included financing for companies like DecoPac and Global Healthcare Exchange, enhancing Ares's role as a leading alternative investment manager with over $262 billion in assets under management as of June 30, 2021.

Positive

• Closed $9.0 billion in commitments across 77 transactions in Q2 2021.
• Yearly commitments increased to $21.8 billion from $12.3 billion.
• Diverse portfolio with notable transactions supporting various sectors.

Negative

• None.

Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $9.0 billion in commitments across 77 transactions during the second quarter of 2021 and approximately $21.8 billion in commitments across 221 transactions in the last twelve-month period ended June 30, 2021. This compares to the $1.7 billion in commitments closed across 24 transactions during the second quarter of 2020 and approximately $12.3 billion in commitments across 174 transactions in the twelve-month period ended June 30, 2020.

Below is a description of selected transactions that Ares closed during the second quarter.

DecoPac / Kohlberg & Co.
Ares served as the administrative agent and sole lead arranger for a senior secured credit facility to support Kohlberg & Co.’s acquisition of DecoPac. DecoPac is a leading supplier of cake decorations and related products to professional cake decorators and bakeries.

Global Healthcare Exchange / Temasek
Ares served as the administrative agent and lead arranger for a senior secured credit facility to support Global Healthcare Exchange’s (“GHX”) strategic plans. GHX is a leading provider of cloud-based technology and services used for supply chain management by healthcare providers and suppliers.

High Street Insurance Partners / Abry Partners
Ares served as the administrative agent, lead arranger and bookrunner for a senior secured credit facility and invested preferred and common equity to support Abry Partners’ acquisition of High Street Insurance Partners. High Street is a full service independent insurance brokerage firm.

Insightful Science / Insight Partners
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Insightful Sciences’ acquisition of Dotmatics. Insightful Science is a life sciences software company that digitally connects researchers to their ideas and data, advancing the discovery process.

Mavis Tire Express Services Corp. / BayPine Partners and TSG Consumer Partners
Ares served as joint lead arranger and joint bookrunner for a senior secured credit facility to support BayPine and TSG’s acquisition of Mavis. Mavis is a leading independent tire dealer and automotive aftermarket service provider.

Nivel Parts & Manufacturing / Morgan Stanley Private Equity
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Morgan Stanley Private Equity’s acquisition of Nivel Parts. Nivel is a market-leading manufacturer and distributor of aftermarket parts for personal transportation vehicles (“PTVs”), utility terrain vehicles (“UTVs”), and heavy-duty equipment.

Osmose Utilities Services, Inc. / EQT Partners
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support a refinancing of Osmose’s indebtedness. Osmose is a leading provider of critical inspection, maintenance and restoration services to transmission and distribution infrastructure throughout the U.S.

Scholl’s Wellness Company / Yellow Wood Partners
Ares served as the administrative agent, joint lead arranger and joint bookrunner for an incremental senior secured credit facility to support the acquisition of the brand’s international business, Scholl. Scholl’s Wellness Company is a leading footcare brand focused on insoles, custom-fit orthotics and skin treatment categories.

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, private equity, real estate 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 June 30, 2021, including the acquisition of Black Creek Group which closed July 1, 2021, Ares Management Corporation's global platform had approximately $262 billion of assets under management, with approximately 2,000 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

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FAQ

What were Ares Management's financing commitments in Q2 2021?

Ares Management closed approximately $9.0 billion across 77 transactions in Q2 2021.

How do Ares Management's recent commitments compare to last year?

In Q2 2020, Ares closed $1.7 billion in commitments, showing a significant increase this year.

What is Ares Management's total commitments over the last twelve months?

Ares Management reported total commitments of about $21.8 billion in the last twelve-month period ending June 30, 2021.

How much assets under management does Ares Management have?

As of June 30, 2021, Ares Management had approximately $262 billion in assets under management.