Ares Inks $1.6 Billion Private Loan to Support Evermark Deal

Ares Management Corp. credit funds have led a $1.6 billion private debt financing to support the merger of Suave Brands Company and Elida Beauty, according to a statement Thursday.

The two brands, known for household personal care products such as Suave, Q-tips and ChapStick, are backed by Yellow Wood Partners, a consumer-focused private equity firm, which earlier bought the companies from Unilever.