- KLX Energy Services Holdings, Inc. Enters Into New Credit Agreement to Refinance Existing Senior Secured Notes Due 2025
- Terravest Announces The Acquisition of Entrans International and Amended Credit Facility
- JPMorgan Chase Leads Syndicate of Relationship Banks in $150MM Revolving Credit Facility for Novocure
- MidCap Business Credit Closes Revolving Line of Credit for Allied Dairy Products, Inc.
- CIFC To Acquire LBC Credit Partners
Ares Commercial Finance Provides $25 Million Credit Facility to MAV
March 12, 2024
Source: Ares Commercial Finance
NEW YORK – March 13, 2024 – Ares Commercial Finance announced today that it has provided a senior secured revolving line of credit to MAV Holdco, LLC (“MAV” or the “Company”), which is headquartered in Toronto, Ontario and owns four brands—Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice. Through its portfolio of brands, MAV sells hair care, face, and body care beauty products in more than 25 countries. The proceeds via this transaction were used to support Nexus Capital Management’s acquisition of the Company and for ongoing working capital.
About MAV
MAV is a global hair care and personal care platform focused on managing independent brands. Today, MAV markets a diversified portfolio of four complementary brands – Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice – offering premium quality hair care, face, and body care beauty products. These products are sold in over 25 countries around the world and in many major retailers.
About Nexus Capital Management, LP
Nexus Capital Management LP is an alternative asset investment management company based in Los Angeles, California that was founded in 2013. Nexus employs a flexible investment mandate that focuses on long-term value creation by partnering with leading management teams and businesses. For more information, please visit www.nexuslp.com.
About Ares Commercial Finance
Ares Commercial Finance (“ACF”) is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to $300 million to middle market and lower-middle market companies. ACF addresses a wide scope of industries including manufacturing, distribution, wholesale, retail, and service with a product suite consisting of asset-based, asset-backed and priority cash flow revolvers and term loans in addition to trade receivables securitizations and supply chain financing. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible, and customized financing solutions for a variety of financing needs: general refinancing, working capital/growth, acquisitions, restructuring/turnaround situations, debtor-in-possession/exit financing, and special accommodation financing. For more information on ACF visit www.arescommercialfinance.com,
About Ares Management Corporation
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2023, Ares Management Corporation's global platform had approximately $419 billion of assets under management, with approximately 2,850 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
Contact
