Ares Management taps KKR’s McFerran as EVP, CFO and treasurer

Ares Management LP has hired Michael R. McFerran as executive vice president, chief financial officer and treasurer. The appointment becomes effective March 23, 2015. Prior to joining Ares, McFerran was a managing director at Kohlberg Kravis Roberts & Co. LP where he worked as the CFO of KKR’s credit business and was the COO and CFO of KKR Financial Holdings LLC.


Apollo in the lead to acquire Protection 1 — Reuters News

Private equity firm Apollo Global Management LLC (APO.N: Quote, Profile,Research, Stock Buzz) is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, sources told Reuters News.


Phoenix Equity Partners to acquire Bridge Leisure

Phoenix Equity Partners has agreed to buy Bridge Leisure, a UK-based holiday park operator, No financial terms were disclosed for the transaction, which will also include Bridge Leisure acquiring Silver Sands Holiday Park. Ares Management and RBS will provide debt financing for the deal.

Ares, GE provide $293 mln loan for Montagu’s buy of Open GI

The European Senior Secured Loan Programme, a joint venture between Ares Management and GE Capital, has provided a £187 million (US$293 million) loan to fund Montagu Private Equity’s buy of Open GI. Montagu announced in August it was buying Open GI, a U.K.-based supplier of software to the insurance market.


Ares Management acquires Farrow & Ball

Ares Management has bought Farrow & Ball, a UK-based maker of paint and wallpaper. The seller was European Capital Limited, an American Capital affiliate. No financial terms were disclosed.


Ares Management to acquire EIF

Ares Management has agreed to buy Energy Investors Funds, an energy infrastructure-focused asset manager. No financial terms were disclosed for the transaction, which is expected to be completed by the end of this year.

European Capital refinances Hillarys

European Capital has refinanced portfolio company Hillarys for 113.5 million pounds. Also, the company has used the proceeds in addition to a 5.5 million equity investment to buy out Permira Debt Managers‘ minority stake in Hillarys. GE Capital International, Ares Management and Permira Debt Managers provided the credit facilities for the refinancing. Based in the U.K., Hillarys is a provider of domestic window coverings.


Thoma Bravo-backed InfoVista snags 46.5 mln euros

InfoVista, a portfolio company of Thoma Bravo, has received 46.5 million euros in debt financing from Ares Management and GE Capital International. The ESSLP served as lead arranger for the senior loan. Based in France, InfoVista is a provider of IP and RF planning, assurance and optimization software solutions.

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