M&A Deal Summary

Ares Private Equity Group Acquires 10th Street

On May 4, 2015, private equity firm Ares Private Equity Group acquired real estate company 10th Street

Acquisition Highlights
  • This is Ares Private Equity Group’s 2nd transaction in the Real Estate sector.
  • This is Ares Private Equity Group’s 47th transaction in the United States.
  • This is Ares Private Equity Group’s 4th transaction in New York.

M&A Deal Summary

Date 2015-05-04
Target 10th Street
Sector Real Estate
Buyer(s) Ares Private Equity Group
Deal Type Buyout (LBO, MBO, MBI)

Target

10th Street

Brooklyn, New York, United States
10th Street LLC is a provider of real estate management services.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


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 55 of 98
Sector (Real Estate) 2 of 5
Type (Buyout (LBO, MBO, MBI)) 9 of 16
State (New York) 4 of 8
Country (United States) 47 of 82
Year (2015) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-20 Meineke

Charlotte, North Carolina, United States

Meineke is a franchise-based international automotive repair chain with over 750 locations and a 50-year history of delivering consistent and high-quality repair and preventative maintenance services. Meineke CARSTAR is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-18 First Capital - Asset Based Lending

United States

First Capital - Asset Based Lending is a provider of financial mortgage services.

Buy -