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.

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Top 10 PE posts: You can’t hide your lyin’ eyes

In this week’s top 10 private equity posts, Morgan Stanley Capital Partners and Hamilton Lane are looking for a couple of good VPs, Blackstone wants to peddle Apria, and LPs have GPs feeling like they’re in an Eagles song.


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.


Ares Management agrees to buy National Veterinary Associates

Ares Management has agreed to acquire the parent company of National Veterinary Associates, a private owner of independent freestanding veterinary hospitals in the U.S. Ares will acquire the business from Summit Partners. NVA’s senior management will retain a minority stake in the company. Terms of the deal were not disclosed. It is expected to close in the third quarter.


peHUB First Read

There’s been a ton of news over the past day, including the Malaysian Airlines plane shot down, an insider trading probe of Congress is focusing on 44 hedge funds and more signals the market has reached a peak.


Ares to acquire Pegasus Business Park

Ares Management said Monday its real estate fund have agreed to buy Pegasus Business Park from SEGRO PLC for € 83.4 million (US$113.4 million). Pegasus Business Park, located near the Brussels International Airport and eight kilometres from the city centre, was initially developed by SEGRO between 1999 and 2003. Pegasus Business Park consists of nine office buildings and an underground car park extending over 83,384 square meters.


Ares acquires Graphite’s stake in London Square

Ares Management is to acquire a majority stake in London-based residential developer and house builder London Square from Graphite Capital. Ares Management’s funds, investing alongside management, will back London Square’s development in Greater London, with the target of building 1,000 homes a year. The transaction is expected to close by the end of July 2014.


Ares to acquire BlackBrush Oil & Gas

Ares Management‘s private equity group is to acquire BlackBrush from EIG Management Company and Tailwater Capital. BlackBrush has a history of acquiring and developing oil and gas assets across South Texas.


PE-owned 99 Cents Only Stores hires interim CFO

Retailer chain 99 Cents Only Stores, which is owned by Ares Management and Canada Pension Plan Investment Board, has named Christopher A. Laurence as an interim chief financial officer, treasurer and secretary. Previously, Laurence worked at ThreeSixty Group, where he served as CEO for the past six years.


Ares Management takes controlling stake through debt of Bain-backed Guitar Center

Guitar Center, a retailer of musical instruments and recording equipment, has completed a transaction that has reduced its total debt by about $500 million and annual cash interest expense by more than $70 million. As part of the deal, Ares Management has exchanged a portion of its holdings of the company’s debt into preferred stock and taken a controlling interest in Guitar Center. Bain Capital, which acquired Guitar Center in 2007 in a deal valued at $2.1 billion, will retain partial ownership along with board representation.

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