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M&A Deal Summary

Ares Private Equity Group Acquires Aspida Financial

On July 9, 2019, private equity firm Ares Private Equity Group acquired financial services company Aspida Financial

Acquisition Highlights
  • This is Ares Private Equity Group’s 5th transaction in the Financial Services sector.
  • This is Ares Private Equity Group’s 66th transaction in the United States.
  • This is Ares Private Equity Group’s 4th transaction in North Carolina.

M&A Deal Summary
Date 2019-07-09
Target Aspida Financial
Sector Financial Services
Buyer(s) Ares Private Equity Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Aspida Financial

Durham, North Carolina, United States
Aspida plans to issue insurance and reinsurance products for individuals and institutions seeking to fund their long-term financial needs. Aspida seeks to be a trusted partner focused on its customers’ financial security and success. Aspida’s solutions will include annuity and life insurance products that, in today’s volatile world, help bring stability and more predictability to a financial strategy. Aspida is based in Durham, North Carolina.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 24.0B 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 86 of 122
Sector (Financial Services) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 21 of 30
State (North Carolina) 4 of 6
Country (United States) 66 of 90
Year (2019) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-17 National Veterinary Associates

Agoura Hills, California, United States

National Veterinary Associates, Inc. is one of the largest veterinary and pet care services organizations in the world. NVA partners with over 700 general practice hospitals, specialty + ER hospitals, equine hospitals, and pet resorts in the U.S., Canada, Australia, and New Zealand. NVA’s 14,000 team members and 2,600 veterinarians are united by a common purpose – a love for animals and the people who love them – and a common mission – to improve the comfort and well-being of animals by providing progressive and compassionate care. NVA’s veterinarians and animal care professionals provide a full range of medical and surgical services. T

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-22 Onecom

London, 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 London, United Kingdom.

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