Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $1.7 billion in commitments across 24 transactions during the second quarter and approximately $4.4 billion in commitments across 64 transactions in the year-to-date period.
Below is a description of selected transactions that Ares closed during the second quarter.
Command Alkon / Thoma Bravo
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Thoma Bravo’s acquisition of Command Alkon. Command Alkon is a leading provider of purpose-built, mission-critical integrated software and technology solutions to the heavy construction industry.
Convey Health Solutions / TPG Capital
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support TPG’s growth plans for Convey Health Solutions. Convey is a leading provider of plan administration software, technology-enabled services and advisory solutions for health plans.
CSC Serviceworks / Pamplona Capital Management
Ares served as the administrative agent and lead arranger for an incremental senior secured credit facility to support Pamplona’s growth plans for CSC Serviceworks. CSC is a leading provider of outsourced laundry equipment services for multi-family housing properties.
HealthEdge Software / Blackstone
Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Blackstone’s acquisition of HealthEdge Software, Inc. HealthEdge provides next generation, mission-critical core administrative processing systems solutions to healthcare payors, which help them better administer benefits, configure plans, manage providers and enroll participants.
Labstat / Warburg Pincus
Ares served as the administrative agent for a senior secured credit facility to support Warburg’s strategic growth plans for Labstat. Labstat is a leading provider of specialty analytical chemistry, microbiology and toxicology testing services.
Prometheus Group / Genstar Capital
Ares served as the administrative agent and joint lead arranger for a senior secured credit facility to support the continued growth of Prometheus Group. Prometheus is an industry leading provider of comprehensive plant maintenance and scheduling software.
Supply Source Enterprises / HIG Capital Management
Ares served as the administrative agent and sole lead arranger for a senior secured credit facility to support HIG Capital Management’s acquisition of Supply Source Enterprises (SSE). SSE is a leading manufacturer of branded and private label personal protective equipment, janitorial, safety, hygiene and sanitation products.