In December 2022, Ares’ Infrastructure and Power strategy entered into an agreement to acquire a majority stake in Apex. Apex Clean Energy develops and operates wind, solar, and storage facilities committed to accelerating the shift to clean energy
In August 2022, Heelstone Renewable Energy secured an undisclosed amount of development capital from Ares Management. In support of the transaction, Ares Management provided an undisclosed amount of debt financing in the form of a first-lien loan. Heelstone is a developer of utility-scale solar projects designed to produce clean and § sustainable energy
In July 2022, GNZ Energy secured an undisclosed amount of development capital from Ares Management. In support of the transaction, the company received an undisclosed amount of debt financing in the form of a loan from Ares Management. GNZ Energy is a provider of renewable energy intended to serve industrial and domestic clients
In June 2022, Distributed Solar Development, via its financial sponsors Ares Management, BlackRock and Bank of America, acquired a community solar portfolio with a combined capacity of 11.3MW in Minnesota, US
In March 2022, Distributed Solar Development secured $200 million of development capital from Ares Management. The funding will be used to expand the company’s pipeline of future projects in the C&I market, grow its developer network, support corporate needs, and provide readily accessible capital for asset acquisition. Distributed Solar Development designs, engineers, builds, finances and manages solar projects
In March 2022, SB Energy (USA) secured $600 million of development capital from Ares Management. The investment will be directed at the further expansion of SB Energy’s renewable energy and storage projects, along with related digital capabilities
In July 2021, Colorado Center for Reproductive Medicine, an operator of a network of in vitro fertilization clinics was acquired by Unified Women’s Healthcare, via its financial sponsors Altas Partners, Ares Private Equity Group and Oak HC/FT, through a $775 million LBO
