Investment Summary

Ares Private Equity Group Invests In Heelstone Renewable Energy

On August 19, 2019, private equity firm Ares Private Equity Group invested in renewable energy company Heelstone Renewable Energy

Investment Highlights
  • This is Ares Private Equity Group’s 4th transaction in the Renewable Energy sector.
  • This is Ares Private Equity Group’s 67th transaction in the United States.
  • This is Ares Private Equity Group’s 4th transaction in North Carolina.

Investment Summary
Date 2019-08-19
Target Heelstone Renewable Energy
Sector Renewable Energy
Investor(s) Ares Private Equity Group
Deal Type Growth Capital
Advisor(s) Marathon Capital LLC (Financial)

Target

Heelstone Renewable Energy

Chapel Hill, North Carolina, United States
website
Heelstone Renewable Energy LLC is a utility-scale solar developer with expertise in development, construction, operation and finance. Based in Chapel Hill, North Carolina, Heelstone Renewable Energy has developed a portfolio of 500 MW and is actively developing a project pipeline of over 1.5 GW.

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Investor(S) 1

Investor

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 77 of 96
Sector (Renewable Energy) 4 of 4
Type (Growth Capital) 9 of 14
State (North Carolina) 4 of 4
Country (United States) 67 of 82
Year (2019) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Onecom

Fareham, United Kingdom

Onecom is a provider of communication services and unified solutions across fixed-line voice, connectivity, and cloud computing to companies that includes Farrow & Ball, Thwaites, Celtic Manor, and 118 UK Ltd. Onecom was founded in 1992 and is based in Fareham, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-11 DevaConcepts

New York, New York, United States

DevaConcepts LLC offers high-growth, premium and category-leading hair care and styling products for all types of curly and wavy hair with a comprehensive portfolio of vegan and “free-from” formulas. The product range includes cleansers, conditioners, styling products, styling accessories, and treatments.

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Mergr

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