Ares Management and Ontario Teachers' Acquire Majority Stake in TricorBraun

Baring Private Equity Asia Acquires Tricor Group from Permira

November 2, 2021

Professional Services

Funds affiliated with Baring Private Equity Asia (BPEA) have agreed to acquire Tricor Group from Permira in a transaction that values Tricor at an enterprise value of $2.76 billion. The deal, expected to close in H1 2022 subject to regulatory approvals, gives BPEA a platform to support Tricor’s continued growth across Asia; Tricor serves ~50,000 clients with roughly 2,800 employees across 21 markets.

TricorBraun Acquires Euroglas and Glaspack

March 31, 2025

Packaging

TricorBraun has completed the acquisition of German-based Euroglas and Austrian-based Glaspack, two family-run distributors of rigid packaging solutions, to expand its packaging footprint in the DACH region. Both companies (founded in 1992) supply stock and custom glass packaging to food, beverage, wine, beer and spirits customers; financial terms were not disclosed.

Ontario Teachers' Acquires Majority Interest in Acorn Health

August 27, 2021

Healthcare Services

Ontario Teachers' Pension Plan Board has acquired a majority stake in Acorn Health, a national provider of Applied Behavior Analysis (ABA) therapy for children with Autism Spectrum Disorder. MBF Healthcare Partners II, L.P. fully exited the business; Acorn Health founder Vicki Kroviak and senior management retain a meaningful ownership stake. Terms were not disclosed.

Ares Management and Partners Acquire Majority Stake in Form Technologies

January 21, 2025

Manufacturing

Ares Management funds have acquired a majority of Form Technologies' common equity as part of a financing package that injected approximately $304 million of new equity to deleverage the company and support strategic growth. The capital—$154 million of common equity from Ares, the D. E. Shaw group and Onex Credit, plus $150 million of preferred equity from the D. E. Shaw group and Ripple Industries—will fund investments in operational capabilities and commercial expansion across Form Technologies' global manufacturing footprint.

Ares Management Acquires Capital Automotive (CARS) from Brookfield for $3.8 Billion

February 8, 2022

Real Estate

Funds managed by Ares Management Corporation's Alternative Credit strategy and Real Estate Group acquired Capital Automotive LLC (CARS) from a Brookfield private real estate fund for $3.8 billion. CARS, headquartered in McLean, Virginia, owns a portfolio of more than 250 net-lease automotive dealership properties across the U.S. and Canada; the acquisition expands Ares' net-lease capabilities and increases its net lease gross asset value to more than $7 billion over the prior 15 months.

TricorBraun Acquires SGB Packaging Group

July 22, 2021

Packaging

TricorBraun, a global packaging distributor based in St. Louis, has acquired New Jersey-based SGB Packaging Group, a full-service sales representative and supplier for cosmetics, skin care, fragrance and personal care packaging. The acquisition expands TricorBraun's supplier network and strengthens its presence in prestige and masstige personal care end markets; SGB will continue operating out of Hackensack, New Jersey with its management team in place.