Ares Management Leads $1.6B Financing For Merger Of Suave And Elida Beauty - Ares Management (NYSE:ARES)

Core Viewpoint - Ares Management Corporation has facilitated $1.6 billion in debt financing for the merger of Suave Brands Company and Elida Beauty, resulting in the formation of a new entity named Evermark, which includes several personal healthcare brands [1][2]. Group 1: Financing and Merger Details - Ares Management's credit platform acted as the administrative agent for the $1.6 billion debt financing related to the merger [1]. - The newly formed company, Evermark, will encompass personal healthcare brands such as Suave, Pond's, Caress, St. Ives, Noxzema, and TIGI [1]. Group 2: Statements from Key Executives - Karen De Castro, a partner at Ares Credit, expressed satisfaction in leading the financing for Evermark, highlighting the strength of Ares' US Direct Lending platform and its consumer vertical [2]. - Tad Yanagi from Yellow Wood emphasized that the strategic financing has bolstered the launch of the combined business and will enhance investment in product quality, innovation, and accessibility [2]. Group 3: Ares Management Overview - As of September 30, 2025, Ares Management has over $595 billion in assets under management, providing primary and secondary investment solutions across various asset classes including credit, real estate, private equity, and infrastructure [2].