Ares provides $1.6bn private loan to back Evermark merger
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Ares provides $1.6bn private loan to back Evermark merger

privateequitywire
5 months ago
67 views
Ares Management credit funds have led the backing of a merger of Suave Brands Company and Elida Beauty with $1.6bn in private debt financing, according to a report by Bloomberg. The two personal care businesses are backed by consumer-focused private equity firm Yellow Wood Partners.
The firm acquired both companies from Unilever in separate transactions, with the combined group now operating under the name Evermark.
Evermark’s portfolio of brands includes shampoo, body wash, and lotion products...

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