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