Ares Capital Corporation ARCC 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.
About Ares Capital Corporation
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. Ares Capital has elected to
be regulated as a business development company, and is externally
managed by a wholly owned subsidiary of Ares Management LLC. Ares
Management is a global alternative asset manager and a SEC-registered
investment adviser with approximately $74 billion of assets under
management as of December 31, 2013. For more information, visit
www.arescapitalcorp.
About 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. For more information, visit www.ghx.com.
About Thoma Bravo, LLC
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. For more information, visit www.thomabravo.com.
About 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. For more
information, please visit www.napaanesthesia.com.
About 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. For more information, please
visit www.moeliscapitalpartners.com
About 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. For more information on Shock Doctor, please visit www.shockdoctor.com.
About 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. For more information on Bregal Partners, please
visit www.bregalpartners.com.
Ares Capital Corporation
Carl Drake, 888-818-5298
cdrake@aresmgmt.com
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