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WHP Global announces $375M equity investment from Ares Management

WHP Global announced a $375M equity investment from funds managed by the Private Equity Group of Ares Management providing significant growth capital for WHP Global’s next wave of brand acquisitions. The transaction values WHP Global at $1.6B. Founded in 2019 by retail industry veteran Yehuda Shmidman together with funds managed by Oaktree Capital Management, WHP Global is one of the fastest growing companies in the brand management industry. WHP Global’s portfolio of brands generates more than $6.5B in global retail sales across three verticals. As part of the transaction, Jordan Smith and Aaron Rosen, Partners in the Ares Private Equity Group will join WHP Global’s Board of Directors. Proceeds from the transaction include adding significant cash to the Company’s balance sheet for future M&A. Moelis & Company acted as exclusive placement agent to WHP Global. Kirkland & Ellis served as legal counsel to WHP Global on the transaction.

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Published first on TheFly

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