Investment Summary

Ares Private Equity Group and Oaktree Capital Management Invest In WHP Global

On March 8, 2023, private equity firm Ares Private Equity Group and asset manager Oaktree Capital Management invested in apparel/textiles company WHP Global

Investment Highlights
  • This is Ares Private Equity Group’s 1st and Oaktree Capital Management’s 2nd transaction in the Apparel/Textiles sector.
  • This is Ares Private Equity Group’s 85th and Oaktree Capital Management’s 74th transaction in the United States.
  • This is Ares Private Equity Group’s 5th and Oaktree Capital Management’s 6th transaction in New York.

Investment Summary

Date 2023-03-08
Target WHP Global
Sector Apparel/Textiles
Investor(s) Ares Private Equity Group
Oaktree Capital Management
Deal Type Growth Capital
Advisor(s) Kirkland & Ellis (Legal)

Target

WHP Global

New York City, New York, United States
WHP Global acquires and manages consumer brands. The Company seeks out and acquires global consumer brands across all category verticals, and then focuses on building those brands in high-growth distribution channels including digital commerce platforms, product licensing, and through global expansion. WHP Global was founded in 2019 and is based in New York City, New York.

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Investor(S) 2

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 116 of 126
Sector: Apparel/Textiles M&A 1 of 1
Type: Growth Capital M&A Deals 13 of 16
State: New York M&A 5 of 5
Country: United States M&A 85 of 93
Year: 2023 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Paradigm Energy Partners

Dallas, Texas, United States

Paradigm Energy Partners is focused on developing, constructing, and operating midstream assets in the Bakken Shale in North Dakota and the Eagle Ford in South Texas.

Sell -
FOLLOWING 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 -
Investor

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 117 of 129
Sector: Apparel/Textiles M&A 2 of 2
Type: Growth Capital M&A Deals 15 of 17
State: New York M&A 6 of 6
Country: United States M&A 74 of 83
Year: 2023 M&A 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 E360S

Aurora, Ontario, Canada

E360S is an environmental management company providing solutions to municipalities and Industrial, Commercial, and Institutional customers. With operations across ten Canadian cities in Ontario, Alberta, and British Columbia, E360S was founded in 2018 and is based in Aurora, Ontario.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Quiksilver

Huntington Beach, California, United States

Quiksilver designs, produces and distributes branded apparel, footwear and accessories. The company apparel and footwear brands represent a casual lifestyle for young-minded people who connect with its boardriding culture and heritage. Quiksilver was founded in 1969 and is based in Huntington Beach, California.

Sell -