Ares Management Corporation (NYSE:ARES) stated that funds managed by its credit platform served as the administrative agent for $1.6 billion in debt financing in connection with the merger of Suave Brands Company and Elida Beauty, Yellow Wood Partners portfolio companies.

The combined company will now be named Evermark and comprises personal healthcare brands such as Suave, Pond's, Caress, St. Ives, Noxzema and TIGI, an announcement made by Ares stated.

"We are pleased to lead the financing for the creation of Evermark, reflecting the scaled capital of Ares' US Direct Lending platform and the strength of our consumer vertical," said Karen De Castro, partner at Ares Credit. 

Tad Yanagi, partner at Yellow Wood added: "This strategic financing has supported the strong launch of our combined business and enhances our ability to further invest in product quality, innovation and accessibility as we continue to execute our long-term growth strategy."

Ares Management has more than $595 billion of assets under management, as of Sept. 30, 2025. The firm offers primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. 

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