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home / news releases / ARES - Ares Management invests $375M in WHP Global

ARES - Ares Management invests $375M in WHP Global

Ares Management Corporation Class A

2023-03-08 08:12:54 ET

  • Funds managed by the Private Equity Group of Ares Management ( NYSE: ARES ) invested $375M equity for providing significant growth capital for WHP Global's next wave of brand acquisitions.
  • The transaction values WHP Global at $1.6B.
  • Proceeds from the transaction include adding significant cash to the company's balance sheet for future M&A.
  • Rapidly growing in the brand management industry, WHP Global is founded by retail industry veteran Yehuda Shmidman together with funds managed by Oaktree Capital Management.
  • WHP Global's portfolio of brands generates more than $6.5B in global retail sales across three verticals: Fashion anchored by Express, Anne Klein, and Joseph Abboud; Hardgoods anchored by Toys"R"Us and Babies"R"Us; and Athletic anchored by Lotto.

For further details see:

Ares Management invests $375M in WHP Global
Stock Information
Company Name: Ares Management Corporation Class A
Stock Symbol: ARES
Market: NYSE
Website: aresmgmt.com
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