Recent events
Recent events tied to this brand in public sources.
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2022
SageSure secures $375 million credit facility
SageSure secured a $375 million senior credit facility from funds managed by Ares Management Corporation. The proceeds were designated to refinance SageSure's existing bank facility and support strategic growth initiatives.
2021
AEW acquires 60 Charlton Street
AEW Capital Management announced that it had acquired 60 Charlton Street in Hudson Square for $86.1 million. The building was recapitalized with a $60 million loan from a fund run by Ares Management.
2021
Ares and Ontario Teachers acquire majority interest in TricorBraun
TricorBraun announced completion of its stock purchase agreement, with funds managed by Ares Management Corporation and Ontario Teachers’ Pension Plan Board acquiring a majority interest in the company.
2020
Ares completes acquisition of controlling stake in SSG
Ares announced that its subsidiary Ares Holdings completed the previously disclosed acquisition of a controlling stake in SSG Capital Holdings and its operating subsidiaries.
2020
Ares agrees to $1 million SEC settlement
Ares agreed to pay $1 million to settle SEC charges related to compliance failures in documenting inquiries about material nonpublic information. The SEC said the firm violated compliance policies; Ares neither admitted nor denied the findings.
2020
Centric Brands files for Chapter 11 bankruptcy protection
Centric Brands filed for Chapter 11 bankruptcy protection on May 18, 2020. The company said it would restructure and had reached an agreement with virtually all of its lenders for $435 million in debtor-in-possession financing.