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Ares Capital Corporation Highlights Select Financing Commitments Closed During The Second Quarter

Press Ganey Associates, Inc. / Vestar Capital Partners.

Ares Capital invested $45 million in a second lien term loan to support the refinancing of Press Ganey Associates, Inc., a portfolio company of Vestar Capital Partners, which represents an increase of approximately $32 million from Ares Capital’s previous investment. Press Ganey is the nation’s leading provider of patient-centric quality and performance improvement information and solutions to healthcare providers.

Cast & Crew Entertainment Services, LLC / ABRY Partners, LLC

Ares Capital served as administrative agent and sole lead arranger in a senior secured credit facility to support the recapitalization of Cast & Crew Entertainment Services, LLC by ABRY Partners, LLC. Cast & Crew is a leading provider of payroll services to the entertainment industry.

About Ares Capital Corporation

Ares Capital is a leading specialty finance company that provides one-stop financing solutions to U.S. middle market companies and private equity sponsors. The Company originates and invests in senior secured loans, mezzanine debt and, to a lesser extent, equity investments through its national direct origination platform. Ares Capital’s investment objective is to generate both current income and capital appreciation through debt and equity investments primarily in private companies. Ares Capital has elected to be regulated as a business development company, and is externally managed by a wholly owned subsidiary of Ares Management LLC. Ares Management is a global alternative asset manager and a SEC-registered investment adviser with approximately $54 billion of committed capital under management as of June 30, 2012. For more information, visit www.arescapitalcorp.com.

About Midwest Dental, Inc.

Midwest Dental is dental management company headquartered in Mondovi, WI with clinics in Wisconsin, Minnesota, Illinois, Iowa and Colorado. For more information, visit www.midwest-dental.com.

About FFL

Friedman Fleischer & Lowe, LLC is a San Francisco-based private equity firm with approximately $2.5 billion under management that is focused on investing in U.S. middle-market companies. Formed in 1997, FFL’s strategy is to invest in market-leading companies that generate high returns on invested capital and that have strong, defensible competitive positions, attractive growth prospects and outstanding management. Representative investments include: Tempur-Pedic International, Milestone AV Technologies, Korn/Ferry International, and Discovery Foods. For more information on FFL, visit www.fflpartners.com.

About Bushnell, Inc.

Bushnell Outdoor Products is a global manufacturer and marketer of branded consumer products based in Overland Park, Kansas. Bushnell Outdoor Products sells its products worldwide under the Bushnell®, Tasco®, Serengeti®, Bollé®, Uncle Mike’s Law Enforcement®, Stoney Point®, Hoppe’s®, Butler Creek®, Cébé®, Millett®, Uncle Mike’s®, Final Approach® and Simmons® brand names. For more information, visit www.bushnell.com.

About MidOcean Partners

MidOcean Partners is a premier private equity firm focused on the middle market. MidOcean is committed to investing in high quality companies with stable market positions and multiple opportunities for growth. MidOcean utilizes a broad foundation of expertise in its focus industries to create value for its investors and partners. For more information, visit www.midoceanpartners.com.

About PRV Aerospace, LLC

PRV is a leading precision manufacturer of critical components for commercial aerospace and defense end markets. The Company focuses on complex, hard metal and aluminum parts which it supplies to major OEMs and Tier 1 suppliers. For more information, visit www.prvaerospace.com.

About Court Square Partners

Court Square is one of the most experienced teams in the private equity industry. Since 1979, the team has made over 200 investments including several landmark transactions and has developed numerous businesses into leaders in their respective markets. Based in New York, NY, Court Square invests in companies that have compelling growth potential. The firm manages over $6.0 billion in aggregate capital commitments while focusing on the following four sectors: business services, general industrial, health care and technology/telecommunications. For more information, visit www.courtsquare.com.

About Press Ganey Associates, Inc.

Recognized as a leader in health care performance improvement for more than 25 years, Press Ganey partners with more than 10,000 organizations worldwide to create and sustain high performing organizations, and, ultimately, improve the overall health care experience. Press Ganey offers a comprehensive portfolio of solutions to help clients operate efficiently, improve quality, increase market share and optimize reimbursement. The company works with clients from across the continuum of care – hospitals, medical practices, home care agencies and other providers – including 50 percent of all U.S. hospitals. For more information, visit www.pressganey.com.

About Vestar Capital Partners

Vestar is a leading private equity firm specializing in management buyouts and growth capital investments. Vestar’s active funds aggregate approximately $8 billion in commitments. The firm targets companies in North America with valuations of $150 million to $1.5 billion in four key industry sectors: Consumer, Diversified Industries, Healthcare, and Financial Services. Vestar invests and collaborates with incumbent management teams, family owners or corporations in a creative, flexible and entrepreneurial way to build long-term franchise and enterprise value. Since the firm’s founding in 1988, the Vestar funds have completed 69 investments in companies with a total value of more than $30 billion. For more information, visit www.vestarcapital.com.

About Cast & Crew Entertainment Services, LLC

Cast & Crew Entertainment Services, LLC is a leading provider of payroll services to the entertainment industry. Through offices in Burbank, New York, Albuquerque, Atlanta, Baton Rouge, Detroit, Toronto and Vancouver, Cast & Crew provides payroll services to the Motion Picture, Television and Commercial Industries and offers its comprehensive PSL family of production accounting software. For more information, visit www.castandcrew.com.

About ABRY Partners, LLC

Founded in 1989, ABRY is one of the most experienced and successful media, communications, and business information services sector-focused private equity investment firms in North America. ABRY has completed over $27 billion of transactions, representing investments in more than 450 properties. The firm is currently investing $3.5 billion of capital across its three separate investment funds, including a $1.6 billion private equity fund, a $750 million senior equity fund and a $1.2 billion senior debt fund. For more information, visit www.abry.com.



Stock quotes in this article: ARCC 

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