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BUSINESS
November 18, 2004 | Debora Vrana, Times Staff Writer
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.
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BUSINESS
October 8, 2005 | Josh Friedman, Times Staff Writer
Los Angeles investment firm Ares Management paid Sears Holdings Corp. $58.7 million for 19.9% of Orchard Supply Hardware, the companies said Friday, in what was expected to be a first step toward buying a majority stake. The deal gives Ares' investment fund the right within three years to buy an additional 30.2% share of the hardware and garden supply chain -- better known as OSH -- for $126.8 million. The San Jose-based chain has 84 stores, all in California.
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BUSINESS
October 8, 2005 | Josh Friedman, Times Staff Writer
Los Angeles investment firm Ares Management paid Sears Holdings Corp. $58.7 million for 19.9% of Orchard Supply Hardware, the companies said Friday, in what was expected to be a first step toward buying a majority stake. The deal gives Ares' investment fund the right within three years to buy an additional 30.2% share of the hardware and garden supply chain -- better known as OSH -- for $126.8 million. The San Jose-based chain has 84 stores, all in California.
BUSINESS
August 3, 2005 | Josh Friedman
Ares Management, a Los Angeles-based investment management firm, announced two deals Tuesday, agreeing to buy the maker of Serta mattresses and taking a "significant" minority stake in the owner of Anchor Blue and Most casual clothing chains. Ares Capital Opportunities, the firm's private equity fund, and the private equity arm of the Ontario, Canada Teachers' Pension Plan said they would pay an undisclosed sum for Chicago-based National Bedding Co.
BUSINESS
March 18, 2004 | Debora Vrana, Times Staff Writer
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.
BUSINESS
March 23, 2004 | Arlene Martinez, Times Staff Writer
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.
BUSINESS
August 3, 2005 | Josh Friedman
Ares Management, a Los Angeles-based investment management firm, announced two deals Tuesday, agreeing to buy the maker of Serta mattresses and taking a "significant" minority stake in the owner of Anchor Blue and Most casual clothing chains. Ares Capital Opportunities, the firm's private equity fund, and the private equity arm of the Ontario, Canada Teachers' Pension Plan said they would pay an undisclosed sum for Chicago-based National Bedding Co.
BUSINESS
November 18, 2004 | Debora Vrana, Times Staff Writer
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.
BUSINESS
March 23, 2004 | Arlene Martinez, Times Staff Writer
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.
BUSINESS
March 18, 2004 | Debora Vrana, Times Staff Writer
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.
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