Ares Backs BC Partners’ Fortidia Purchase With Private Loan
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Ares Management Corp. has provided a private credit package to back BC Partners’ purchase of Italian firm Fortidia, according to people with knowledge of the matter. BC Partners agreed to acquire a majority stake in the shipping, fulfillment and marketing services company. While financial terms were not disclosed, an earlier Bloomberg News report revealed the deal values Fortidia at about €800 million ($938 million).