Ares Management

SageSure to Acquire GeoVera MGA, Including GeoVera’s Industry-Leading Underwriting Franchise in Residential Earthquake Risk

Retrieved on: 
星期二, 四月 9, 2024
Professional Services, Residential Building & Real Estate, Insurance, Commercial Building & Real Estate, Finance, Construction & Property, Ares Management, Partnership, Wind, E&S, Willkie Farr & Gallagher, MGA, Reinsurance

Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.

Key Points: 
  • Upon the transaction’s completion, SageSure will assume the underwriting operations of GeoVera MGA’s best-in-class residential earthquake franchise.
  • With the addition of the GeoVera MGA’s deep earthquake expertise, the transaction will further enhance SageSure’s robust catastrophe risk underwriting capabilities and accelerate its entrance into new markets, including Oregon and Washington.
  • “We are excited to enter into an agreement that solidifies SageSure as one of the leading underwriters of catastrophe-exposed property risk in the US.
  • “We are proud to partner with SageSure on this innovative transaction,” said John Forney, President and CEO of GeoVera.

Monarch Alternative Capital Strengthens Team to Strategically Expand Capital Solutions and Real Estate Platforms

Retrieved on: 
星期一, 三月 18, 2024
Marathon Asset Management, Monarch, Citigroup, Partner, Ares Management, Silver Point Capital, Credit Suisse, Commercial

These additions to the team augment Monarch's long-standing capabilities across corporate lending and real estate structured credit, respectively, and strengthen the firm's ability to capitalize on the growing opportunities for capital deployment in these areas.

Key Points: 
  • These additions to the team augment Monarch's long-standing capabilities across corporate lending and real estate structured credit, respectively, and strengthen the firm's ability to capitalize on the growing opportunities for capital deployment in these areas.
  • Casey Callan joined Monarch as a Principal specializing in capital solutions.
  • Mr. Malhotra will play a central role in positioning Monarch to capitalize on the growing opportunity set in structured credit and real estate over the coming years.
  • "Monarch has an established track record of providing flexible lending solutions within corporate situations and investing in structured credit and real estate since its inception," said Michael Weinstock, Chief Executive Officer for Monarch.

Valta Energy and Black Bear Energy Celebrate Completion of 1.7MW Solar Array in Los Angeles

Retrieved on: 
星期四, 二月 29, 2024
Commercial Building & Real Estate, Utilities, Construction & Property, Environment, Alternative Energy, Energy, Building Systems, Green Technology, Ares Management, Real estate, Valta, Fit, Multimedia, LADWP, Carbon, Electricity, Renewable energy

Valta Energy and Black Bear Energy are proud to announce the completion of a 1.7 MW rooftop solar array on a warehouse property located in Torrance, CA and owned by Ares Management (“Ares”) Real Estate funds.

Key Points: 
  • Valta Energy and Black Bear Energy are proud to announce the completion of a 1.7 MW rooftop solar array on a warehouse property located in Torrance, CA and owned by Ares Management (“Ares”) Real Estate funds.
  • The project, which is part of the Los Angeles Department of Water and Power (LADWP) Feed-in Tariff (FiT) program, will provide renewable electricity to the local utility grid.
  • Launched in 2013, the FiT program incentivizes the deployment of solar through predetermined tariff rates for twenty years.
  • The system, built by Valta Energy and facilitated by Black Bear Energy, will produce 2,963,023 kWh per year, equivalent to powering 202 homes yearly.1
    This press release features multimedia.

Milestone Appoints Josh King as Chief Financial Officer; Announces Retirement of Frank W. Schageman

Retrieved on: 
星期三, 二月 14, 2024
Energy, Other Energy, Oil, Gas, Permian, CFO, Pepperdine University, Multimedia, David G. Booth, Milestone, Growth, Redwire, MBA, Industrial waste, Carbon, Ares Management, University, Business, Credit Suisse, Recycling, Financial management, Ecosystem, Water, Partnership, Management

Mr. King joins Milestone’s executive leadership team and replaces Frank W. Schageman, who will retire from the Company after a transition period at the end of the first quarter of 2024.

Key Points: 
  • Mr. King joins Milestone’s executive leadership team and replaces Frank W. Schageman, who will retire from the Company after a transition period at the end of the first quarter of 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240214483841/en/
    Josh King joins Milestone Environmental Services as Chief Financial Officer and as a member of the Executive Leadership Team, effective January 18, 2024.
  • (Photo: Business Wire)
    In his new role, Mr. King is responsible for the financial aspects of Milestone and its subsidiaries.
  • “I am thrilled to welcome Josh to Milestone,” said Milestone President and CEO Gabriel Rio .

Sunbit Joins Ranks of Prestigious Forbes Fintech 50 Honorees

Retrieved on: 
星期三, 二月 14, 2024
Professional Services, Payments, Technology, Software, Finance, Fintech, Personal Finance, Ares Management, Software as a service, Citigroup, Transport

Sunbit , the company building financial technology for everyday expenses, announced today that it was selected for the 2024 Forbes Fintech 50 list, the ninth annual list of the most innovative private fintech companies.

Key Points: 
  • Sunbit , the company building financial technology for everyday expenses, announced today that it was selected for the 2024 Forbes Fintech 50 list, the ninth annual list of the most innovative private fintech companies.
  • Sunbit was one of only 13 new additions, and one of the few fintechs focused on personal finance to be represented.
  • An independent team of editors and reporters evaluated applications on everything from product innovation and business growth to leadership team diversity.
  • The Sunbit Card is issued by TAB Bank, pursuant to a license from Visa U.S.A. Inc. Use of the card is subject to the cardholder agreement.

Natixis Corporate & Investment Banking strengthens Real Estate & Hospitality Americas practice with new leadership structure and key appointments

Retrieved on: 
星期四, 二月 8, 2024
UBS, Nuveen, REH, Mortgage Bankers Association, Chemical Bank, Bank, Growth, CMBS, Business development, Ares Management, Chase Bank, Tate–LaBianca murders, Natixis, Real estate, Head, Irvine Company, Prudential, Investment banking, Bank of America

NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.

Key Points: 
  • NEW YORK, Feb. 8, 2024 /PRNewswire/ -- Natixis Corporate & Investment Banking (Natixis CIB) today announced new senior appointments to the firm's Real Estate & Hospitality (REH) Americas team.
  • Torres' appointment was followed by the appointments of Julie Han as Head of Underwriting and David Schwartz as Head of Portfolio Lending.
  • "We are entering a new era of opportunity regarding our coverage of the real estate sector," said Thierry Bernard, Natixis CIB Global Head of Real Estate & Hospitality.
  • He also led the origination platform for the Real Estate Finance and Mortgage-Backed Securities Group within UBS Investment Bank.

Vestar Capital Partners Announces Promotions

Retrieved on: 
星期四, 二月 1, 2024
Vice, Business administration, CFA, Ares Management, Bachelor of Science, UNC Kenan–Flagler Business School, CUNY, BC Partners, City college, Civil engineering, Duke University, Investment, BlackRock, UNC, Citigroup, J. P. Morgan, Management, Associate, University

NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Vestar Capital Partners, a leading U.S. middle-market private equity firm, today announced the promotions of Wilson Orr and Ian Singleton from Vice Presidents to Principals, and Alyssa Stropoli from Senior Associate to Vice President.

Key Points: 
  • Orr and Singleton Promoted to Principal, Stropoli to Vice President
    NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Vestar Capital Partners, a leading U.S. middle-market private equity firm, today announced the promotions of Wilson Orr and Ian Singleton from Vice Presidents to Principals, and Alyssa Stropoli from Senior Associate to Vice President.
  • "Vestar has a long history of homegrown talent and promoting from within, and we're proud to uphold that tradition with the promotions of Wilson, Ian and Alyssa," said Dan O'Connell, Founder and CEO of Vestar.
  • We congratulate each of them on their promotions and look forward to their continued contributions to the firm."
  • Prior to joining Vestar, she was an Associate in Investor Relations at BC Partners, and previously she was an Associate on BlackRock's High Yield Portfolio Management team.

Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management

Retrieved on: 
星期二, 一月 23, 2024
Data Management, Technology, Professional Services, Apps, Applications, Software, Artificial Intelligence, Networks, Internet, Fintech, Mobile, Wireless, Finance, Multimedia, Ares, Ares Management, Software as a service, Life, Bank

Sunbit , the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds.

Key Points: 
  • Sunbit , the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds.
  • View the full release here: https://www.businesswire.com/news/home/20240123923344/en/
    Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management (Graphic: Business Wire)
    Arad Levertov, CEO of Sunbit, said, “Today, millions of people choose Sunbit to manage their everyday needs and so much more.
  • We thank Citi and Ares for their support in arranging this facility.”
    Jeffrey Kramer, Partner in the Ares Credit Group, commented, “We are excited to be partnering with the Sunbit management team as they continue to grow their technology-driven consumer finance platform.
  • Consumers consistently select Sunbit BNPL technology when given the choice, and more than 1 in 3 become repeat customers.

Ares Capital Corporation Prices Public Offering of $1.00 Billion 5.875% Unsecured Notes Due 2029

Retrieved on: 
星期二, 一月 16, 2024
Professional Services, Finance, Madison Avenue, ATTN:, RBC Capital Markets, Ares Management, Prospectus, CIBC, BofA Securities, Sale, Market, Goldman Sachs, BNP Paribas, Ares, J.P. Morgan & Co., Wells Fargo, MUFG, Security (finance)

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029.
  • BofA Securities, Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc. are acting as joint book-running managers for this offering.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.
  • Investors are advised to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing.

ADMA Biologics Announces $135 Million Non-Dilutive Refinancing of Credit Facilities with Ares Management

Retrieved on: 
星期一, 十二月 18, 2023
8-K, Ares Management, Marketing, ADMA, Ares, Line of credit, Growth, Patient, Bank

RAMSEY, N.J. and BOCA RATON, Fla., Dec. 18, 2023 (GLOBE NEWSWIRE) -- ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing, and developing specialty plasma-derived biologics, today announced the Company has executed a definitive credit agreement with Ares Management credit funds (“Ares”) for $135 million in total senior secured credit facilities, including a $72.5 million asset-backed revolving credit facility and a $62.5 million term loan. The proceeds of the senior secured credit facilities were fully drawn at closing and used, along with existing cash, to repay all obligations under the prior Hayfin Capital Management senior secured credit facility.

Key Points: 
  • New $135 Million Credit Facility Replaces Existing $159 Million Credit Facility, a 15% Decrease in Total Debt
    RAMSEY, N.J. and BOCA RATON, Fla., Dec. 18, 2023 (GLOBE NEWSWIRE) -- ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing, and developing specialty plasma-derived biologics, today announced the Company has executed a definitive credit agreement with Ares Management credit funds (“Ares”) for $135 million in total senior secured credit facilities, including a $72.5 million asset-backed revolving credit facility and a $62.5 million term loan.
  • The proceeds of the senior secured credit facilities were fully drawn at closing and used, along with existing cash, to repay all obligations under the prior Hayfin Capital Management senior secured credit facility.
  • “This non-dilutive credit facility with Ares materially reduces ADMA’s nominal interest rate and significantly lowers our total debt by 15%, which further supports ADMA’s rapid earnings growth outlook,” said Adam Grossman, President and Chief Executive Officer of ADMA.
  • We look forward to finishing 2023 on a high note and embarking on 2024 from a position of strength."