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Ares Management Leads $1.6B Financing For Merger Of Suave And Elida Beauty - Ares Management (NYSE:ARES)
Benzinga· 2026-01-29 16:53
Ares Management Corporation (NYSE:ARES) stated that funds managed by its credit platform served as the administrative agent for $1.6 billion in debt financing in connection with the merger of Suave Brands Company and Elida Beauty, Yellow Wood Partners portfolio companies.The combined company will now be named Evermark and comprises personal healthcare brands such as Suave, Pond's, Caress, St. Ives, Noxzema and TIGI, an announcement made by Ares stated."We are pleased to lead the financing for the creation o ...
Ares Leads $1.6 Billion Debt Financing to Support Suave Brands and Elida Beauty Merger to Create Evermark
Businesswire· 2026-01-29 11:30
Core Viewpoint - Ares Management Corporation has facilitated $1.6 billion in debt financing to support the merger of Suave Brands Company and Elida Beauty, resulting in the formation of Evermark, LLC, a new leading global platform for personal care brands [1][3]. Group 1: Ares Management Corporation - Ares Management Corporation is a prominent global alternative investment manager with over $595 billion in assets under management as of September 30, 2025, offering investment solutions across various asset classes including credit, real estate, private equity, and infrastructure [4]. - The company emphasizes its commitment to providing flexible capital that supports businesses and creates value for investors and communities [4]. Group 2: Evermark, LLC - Evermark, LLC is established as a personal care platform that combines the legacy of Suave Brands and Elida Beauty, featuring a portfolio of well-known brands such as Suave, ChapStick, Q-tips, and others [2][5]. - The company aims to drive sustainable growth through brand-focused leadership, operational discipline, and long-term investment strategies [5]. Group 3: Yellow Wood Partners - Yellow Wood Partners is a consumer-focused private equity firm that invests in both founder-owned and legacy consumer brands, managing over 40 household global brands [6]. - The firm employs a unique investment and operating strategy called Consumer Operating DNA® to unlock brand value and facilitate growth [6].
Ares Management Corporation to Present at the Bank of America Securities 2026 Financial Services Conference
Accessnewswire· 2026-01-27 22:00
NEW YORK, NY / ACCESS Newswire / January 27, 2026 / Ares Management Corporation announced today that its Co-Founder and Chief Executive Officer, Michael Arougheti, is scheduled to present at the Bank of America Securities 2026 Financial Services Conference on Tuesday, February 10, 2026 at 8:50am ET. A live audio webcast of the presentation will be available on the Investor Resources section of the Company's website at www.aresmgmt.com. ...
Makarora Completes Acquisition of Plymouth Industrial REIT for $2.1 Billion
Globenewswire· 2026-01-27 20:33
NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Makarora Management LP (“Makarora”) today announced that, together with Ares Alternative Credit funds (“Ares”), it has completed the previously announced acquisition of Plymouth Industrial REIT, Inc. (“Plymouth”) in an all-cash transaction valued at approximately $2.1 billion. Pursuant to the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share. With the completion of the acquisition, Plymouth will no longer be traded ...
Makarora Completes Acquisition of Plymouth Industrial REIT for $2.1 Billion
Globenewswire· 2026-01-27 20:33
NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Makarora Management LP (“Makarora”) today announced that, together with Ares Alternative Credit funds (“Ares”), it has completed the previously announced acquisition of Plymouth Industrial REIT, Inc. (“Plymouth”) in an all-cash transaction valued at approximately $2.1 billion. Pursuant to the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share. With the completion of the acquisition, Plymouth will no longer be traded ...
Who is Arijit Basu? IndusInd names ex-SBI MD as Chairman after Sunil Mehta steps down
MINT· 2026-01-23 11:04
IndusInd Bank has named former State Bank of India Managing Director Arijit Basu as the Chairman on Friday, 23 January, after Sunil Mehta steps down from the position.Effective from Saturday, 31 January, Basu has been appointed for a three-year term, subject to the approval of shareholders.As Mehta resigns after serving as IndusInd's Chairman for three years, here's a brief profile of his successor —Who is Arijit Basu?Arijit Basu holds a master's degree in arts from the University of Delhi and completed the ...
Ares Raises $7 Billion For Credit Secondaries Strategy
Benzinga· 2026-01-13 22:03
Group 1 - Ares Management Corporation has raised approximately $7.1 billion for its Credit Secondaries strategy, including the final closing of its inaugural Ares Credit Secondaries Fund (ACS) [1] - The ACS Fund achieved approximately $4 billion in LP equity commitments, doubling its initial target of $2 billion, marking Ares' largest inaugural institutional fundraise [1] - The Ares Credit Secondaries strategy aims to build a diversified portfolio primarily consisting of senior secured, private equity-backed, and floating-rate private credit portfolios [2] Group 2 - The success of the ACS fundraise highlights Ares' early-mover advantage in credit secondaries and the strength of its investment platform [3] - Ares' Credit Secondaries strategy is supported by a large, dedicated team and combines decades of credit and secondaries experience with a disciplined investment approach focused on diversification and downside protection [3] - As of September 30, 2025, Ares managed over $38 billion in assets across various sectors, including private equity, real estate, infrastructure, and credit [3]
ENGIE and Ares Partnership Further Expands with Addition of 730 MW Portfolio of New U.S. Solar and Wind Assets
Prnewswire· 2026-01-13 13:01
Core Insights - ENGIE North America has expanded its partnership with Ares Infrastructure Opportunities funds by adding a 730 MW portfolio, bringing the total investment in U.S. solar, wind, and storage assets to 4.3 GW [1][3]. Group 1: Partnership and Investment - The new portfolio includes one wind project and two solar projects operating within the ERCOT region of Texas [2]. - The partnership reflects ENGIE's strong asset portfolio and its ability to deliver, operate, and finance growth in the U.S. despite challenging conditions [3]. - ENGIE aims to meet the growing demand for power in the U.S. through this investment, demonstrating a commitment to renewable energy [3][4]. Group 2: Company Overview - ENGIE is a leading developer of renewable energy with over 11 GW of renewable generation and energy storage projects in operation or under construction in the U.S. and Canada [3]. - The company has a global target of reaching 95 GW of renewables and storage by 2030, with 52.7 GW currently in operation worldwide [3]. - ENGIE invests more than $10 billion annually to support the energy transition and aims for net zero carbon by 2045 [6]. Group 3: Ares Management - Ares Management Corporation is a global alternative investment manager with over $595 billion in assets under management as of September 30, 2025 [7]. - The firm focuses on providing flexible capital across various asset classes, including infrastructure, to support long-term goals and create value for investors [7].
Ares Raises Over $7 Billion for Leading Credit Secondaries Strategy
Businesswire· 2026-01-13 11:30
Core Viewpoint - Ares Management Corporation has successfully raised approximately $7.1 billion for its Credit Secondaries strategy, significantly exceeding its initial target of $2 billion [1] Group 1: Fund Details - The capital raised includes the final closing of the inaugural Ares Credit Secondaries Fund, along with affiliated vehicles and anticipated leverage [1] - The Fund has secured around $4 billion in limited partner equity commitments, effectively doubling its original target [1]
What You Need to Know Ahead of Ares Management's Earnings Release
Yahoo Finance· 2026-01-07 11:09
Core Viewpoint - Ares Management Corporation (ARES) is set to announce its fiscal fourth-quarter earnings for 2025, with analysts expecting significant growth in earnings per share (EPS) compared to the previous year [1][2]. Financial Performance - Analysts anticipate ARES will report a profit of $1.72 per share on a diluted basis, reflecting a 39.8% increase from $1.23 per share in the same quarter last year [2]. - For the full fiscal year, ARES is expected to achieve an EPS of $5.08, which is a 28% increase from $3.97 in fiscal 2024 [3]. - The EPS is projected to rise further to $6.58 in fiscal 2026, marking a year-over-year increase of 29.5% [3]. Stock Performance - Over the past 52 weeks, ARES stock has underperformed, with a decline of 2.4%, while the S&P 500 Index and the Financial Select Sector SPDR Fund gained 16.2% and 16.4%, respectively [4]. - Following the Q3 results announcement on Nov. 3, 2025, ARES shares increased by 4.6%, with an adjusted EPS of $1.19 surpassing Wall Street expectations of $1.14 [5]. Analyst Ratings - The consensus opinion on ARES stock is moderately bullish, with a "Moderate Buy" rating overall. Out of 19 analysts, nine recommend a "Strong Buy," two suggest a "Moderate Buy," and eight give a "Hold" rating [5]. - The average analyst price target for ARES is $190.29, indicating a potential upside of 8.1% from current levels [5].