November 18, 2004 |
Los Angeles investment firm Ares Management said Wednesday that it had acquired Marietta Corp., which bills itself as the world's largest supplier of soaps and shampoos to hotels. Ares, which already owns lingerie marketer Maidenform Inc. and a major stake in luggage maker Samsonite Corp., didn't disclose the price tag for BFMA Holding Corp., the parent of Cortland, N.Y.-based Marietta. However, sources valued the deal at about $150 million.
April 22, 2004 |
The Los Angeles private equity firm that owns lingerie marketer Maidenform Inc. and a major stake in luggage maker Samsonite Corp. said Wednesday that it planned to raise $450 million in an initial public offering. Ares Management is the latest private investment firm to show an interest in tapping the stock market. Within the last month, more than a dozen such firms have filed for IPOs, according to Thomson Financial, a New Jersey data firm. Just last week, Kohlberg Kravis Roberts & Co.
March 23, 2004 |
An infusion of cash will allow House of Blues Entertainment Inc. to expand in the U.S., the company said Monday. House of Blues said it would open new clubs with money from two investors -- $30 million from Ares Management and $5 million from J.P. Morgan Partners -- plus a $75-million line of credit with Banc of America Securities and J.P. Morgan Chase & Co. There are House of Blues venues in seven U.S. cities, including Anaheim, Los Angeles, Las Vegas and Chicago.
March 18, 2004 |
A Los Angeles private equity firm said Wednesday that it had reached an agreement to acquire a controlling stake in Maidenform Inc., a Bayonne, N.J.-based maker of women's bras and undergarments. Ares Management, with $4.5 billion of assets, did not disclose terms of the acquisition. However, sources familiar with similar transactions estimated the deal at about $200 million. Maidenform was created more than 80 years ago when founders Ida and William Rosenthal invented the bra in the 1920s.