Latham Represents Ares and Other Private Credit Lenders in US$1.6 Billion Financing for Suave Brands Company and Elida Beauty Merger to Create Evermark

Ares Management Corporation (NYSE: ARES) (Ares), a leading global alternative investment manager, has announced that Ares Credit funds served as the administrative agent on US$1.6 billion in debt financing to support the merger of two Yellow Wood Partners portfolio companies, Suave Brands Company and Elida Beauty. The combined company, now called Evermark, LLC, has launched as a leading global platform of iconic personal care brands.

Latham & Watkins represented Ares and the other private credit providers supporting the transaction with a private credit team led by partner Paul Bonewitz and counsel Seung‑Ju Paik, with associates Sharon Yin, Chi‑Emeka Egwuagu, and Eric Raff. Advice was also provided on tax matters by partner Bora Bozkurt, with associate Jack Santoro.