Secondary Buyout • Retail

Ares Private Equity Group Acquires POLO

On July 1, 2023, private equity firm Ares Private Equity Group acquired retailer POLO from Equistone

Acquisition Context
  • This is Ares Private Equity Group’s 10th transaction in the Retail sector.
  • This is Ares Private Equity Group’s 1st transaction in Germany.

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M&A Deal Summary

Date July 1, 2023
Target POLO
Sector Retail
Buyer(s) Ares Private Equity Group
Sellers(s) Equistone
Deal Type Secondary Buyout

Target Company

POLO

Juchen, Germany
POLO is a multi-channel retailer of motorcycle clothing, accessories and equipment. The company has a wide range of own-brand products developed by its in-house design and development team. These include the brands FLM and Pharao. POLO also sells well-known third-party brands. POLO was founded in 1980 and is based in Juchen, Germany.
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Buyer Overview 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor 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 Context for Buyer #
Overall 118 of 126
Sector: Retail 10 of 10
Type: Secondary Buyout 42 of 46
Country: Germany 1 of 1
Year: 2023 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-16 SageSure

Jersey City, New Jersey, United States

SageSure is an independent managing general underwriter focused on providing catastrophe-exposed property insurance. The Company specializes in underwriting coastal residential and commercial property insurance in areas prone to natural disaster through its online quoting and binding platform that uses proprietary risk modeling and scoring technology. SageSure distributes its products through independent agents and blue-chip brokers on behalf of multiple highly rated carriers. SageSure was founded in 2006 and is based in Jersey City, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Dynamic Renewables

Menasha, Wisconsin, United States

Dynamic Renewables is a full-service development company that provides waste recovery solutions to the agricultural and food processing industries. The company has finance, design, development, and operations capabilities that support its portfolio of operating and development-stage renewable natural gas assets. Dynamic Renewables was founded in 2011 and is based in Menasha, Wisconsin.

Buy -

Seller Profile 1

SELLER

Equistone

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone is a private equity firm that invests in small to mid-sized companies valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, United Kingdom.


Deal Context for Seller #
Overall 189 of 206
Sector: Retail 12 of 14
Type: Secondary Buyout 91 of 96
Country: Germany 30 of 34
Year: 2023 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-01 Rhodius

Weissenburg, Germany

Rhodius is a manufacturer of mechanical components as well as modules for the airbag industry. Rhodius specializes in tube forming and the knitting and pressing of fine wire mesh into filters, which then prevent debris from puncturing airbags and cool the heat released when pressured gas cartridges are ignited. The business also develops filtration and separation applications for the chemical process engineering industry. Rhodius was founded in 1925 and is based in Weissenburg, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-05 Dugas

Paris, France

Dugas is a French wholesale distributor of premium spirits. Dugas offers one of the widest ranges of exclusive and premium brand name spirits in France and specializes in the fast-growing rum and whisky segments. The business sources its products directly from distilleries around the world, and actively supports them with branding, product and trade marketing, education and distribution services. Dugas was founded in 1980 and is based in Paris, France.

Sell -

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