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Investment Summary

Ares Private Equity Group Invests In Virgin Voyages

On September 7, 2023, private equity firm Ares Private Equity Group invested in leisure company Virgin Voyages

Investment Highlights
  • This is Ares Private Equity Group’s 5th transaction in the Leisure sector.
  • This is Ares Private Equity Group’s 88th transaction in the United States.
  • This is Ares Private Equity Group’s 5th transaction in Florida.

Investment Summary
Date 2023-09-07
Target Virgin Voyages
Sector Leisure
Investor(s) Ares Private Equity Group
Deal Type Growth Capital
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Virgin Voyages

Plantation, Florida, United States
Virgin Voyages is an adult cruise line, delivering unforgettable, relaxing vacations at sea. Inspired by superyacht design, its fleet of "Lady Ships" exemplify an elevated, boutique hotel at sea with contemporary spaces that strike the perfect balance of nautical chic and glamour. Virgin Voyages was founded in 2021 and is based in Plantation, Florida.

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Investor(S) 1

Investor

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 STATS #
Overall 120 of 126
Sector: Leisure M&A 5 of 5
Type: Growth Capital M&A Deals 16 of 16
State: Florida M&A 5 of 5
Country: United States M&A 88 of 93
Year: 2023 M&A 5 of 6
PREVIOUS 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.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Cureton Midstream

Denver, California, United States

Cureton Midstream is a midstream company focused on providing commercial solutions to its customers. Cureton Midstream was founded in 2016 and is based in Denver, California.

Sell -
Mergr

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Legal