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M&A Deal Summary

Ares Private Equity Group Acquires HotMaxx

On January 1, 2021, private equity firm Ares Private Equity Group acquired retailer HotMaxx

Acquisition Highlights
  • This is Ares Private Equity Group’s 9th transaction in the Retail sector.
  • This is Ares Private Equity Group’s 6th transaction in China.

M&A Deal Summary
Date 2021-01-01
Target HotMaxx
Sector Retail
Buyer(s) Ares Private Equity Group
Deal Type Buyout (LBO, MBO, MBI)

Target

HotMaxx

Shanghai, China
HotMaxx is a treasure discount store and provides consumers with a shopping experience of "enough screaming prices". HotMaxx has more than 100 professional buyers who search for treasures around the world to find the most discounted products for consumers. HotMaxx solves the inventory pressure of brands on the one hand and brings benefits to consumers on the other hand. It has opened more than 800 stores covering more than 100 cities. HotMaxx was founded in 2020 and is based in Shanghai, China.

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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 102 of 123
Sector (Retail) 9 of 10
Type (Buyout (LBO, MBO, MBI)) 28 of 30
Country (China) 6 of 6
Year (2021) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 LifeSpot

Warsaw, Poland

LifeSpot creates aesthetic, comfortable apartments tailored to the needs of tenants. LifeSpot offers locations in Gdynia, Wroclaw and Lodz. The package includes internet, simple rules, a tenant portal and a "place for your pet". LifeSpot was founded in 2021 and is based in Warsaw, Poland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 TricorBraun

St. Louis, Missouri, United States

TricorBraun is a distributor of rigid packaging solutions including containers, closures and related components. TricorBraun was founded in 1902 and is based in St. Louis, Missouri.

Buy -
Mergr

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