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Ares Capital Highlights Select First Quarter Deals

May 09, 2014, 07:06 AM

Ares Capital Corporation  is providing additional details on three of its financing commitments closed during the first quarter of 2014, which were included in Ares Capital’s earnings announcement released yesterday. Financing commitments made by Ares Capital totaled $852 million in the first quarter.

Below is a description of select transactions closed during the first quarter.

Global Healthcare Exchange, LLC. / Thoma Bravo, LLC

Ares Capital served as lead arranger, administrative agent, collateral agent and bookrunner for a senior secured credit facility to support the acquisition of Global Healthcare Exchange, LLC by Thoma Bravo, LLC. Global Healthcare Exchange is a provider of on-demand supply chain automation solutions in the healthcare industry.

NAPA Management Services Corporation / Moelis Capital Partners

Ares Capital served as administrative agent, collateral agent, joint lead arranger and joint bookrunner for a senior secured credit facility in support of the acquisition of FOAA Anesthesia Services by NAPA Management Services Corporation, an existing portfolio company of Moelis Capital Partners. NAPA is the leading single specialty anesthesia and perioperative management company in the United States.

Shock Doctor / Bregal Partners

Ares Capital served as lead arranger, administrative agent and bookrunner for a senior secured credit facility to support the acquisition of Shock Doctor by Bregal Partners. Shock Doctor is a leading developer, marketer and distributor of sports protection equipment and accessories that stretch across sports and seasons.

Global Healthcare Exchange, LLC

Global Healthcare Exchange, LLC (GHX) is driving costs out of healthcare by transforming the healthcare supply chain. Working with providers and suppliers, GHX is accelerating change by providing a faster, more efficient and collaborative supply chain that will take billions of dollars out of the cost of healthcare.

Thoma Bravo

Thoma Bravo is a leading private equity investment firm building on a 30+ year history of providing equity and strategic support to experienced management teams and growing companies. The firm seeks to create value by collaborating with company management to improve business operations and provide capital to support growth initiatives. Thoma Bravo invests with a particular focus on application and infrastructure software and technology enabled services. The firm currently manages a series of private equity funds representing more than $4 billion of equity commitments.

NAPA Management Services Corporation

Founded in 1986, North American Partners in Anesthesia (NAPA) is the leading single specialty anesthesia management company in the United States. NAPA is comprised of the most respected clinical staff, providing thousands of patients with superior and attentive care. The company is known for partnering with hospitals and other health care facilities across the nation to provide anesthesia services and perioperative leadership that maximize operating room performance, enhance revenue, and demonstrate consistent patient and surgeon satisfaction ratings.

Moelis Capital Partners

Moelis Capital Partners (MCP), an affiliate of Moelis Asset Management, is a middle market private equity firm founded in 2007. MCP manages more than $850 million of committed private equity capital and specializes in traditional private equity investments in the middle market.

Shock Doctor

Shock Doctor is a leading provider of protective and performance sports equipment. With a relentless focus on innovation and technology, its products are trusted by athletes, from youth to amateur to professional, across a growing number of categories and sports. Shock Doctor has the best-in-class mouthguard offering and also provides a full continuum of innovative athletic products including core protective, performance sports therapy, sports gloves (under the Cutters® brand), and insoles. Its products are sold through major sporting goods retailers, independent dealers, online retailers, and health care professionals throughout the United States and around the globe.

Bregal Partners

Bregal Partners is a private investment firm that invests alongside management teams to build industry leading companies in the middle market. Areas of focus include energy services, consumer, food and retail, and healthcare. With $500 million of committed capital funded by a sixth-generation family foundation with roots back to 1841, Bregal Partners brings experience, stability, and a long-term outlook to all of its investment activities. Bregal Partners is part of Bregal Investments, a global family of private equity and fund investment vehicles that has invested more than $9 billion since 2002.

Ares Capital is a leading specialty finance company that provides one-stop financing solutions to U.S. middle market companies and private equity sponsors. The company originates and invests in senior secured loans, mezzanine debt and, to a lesser extent, equity investments through its national direct origination platform. Ares Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments primarily in private companies.

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