Ares provides equity capital for Equinox recapitalization
ARES•Ares Management funds provided equity capital to Equinox in a strategic recapitalization and participated in its debt refinancing. The refinancing provides more than $1 billion for investment in Equinox’s clubs, member experience and growth initiatives.
1. Equity and refinancing
Ares Management funds provided equity capital to Equinox as part of a strategic recapitalization and participated in its debt refinancing. Existing investors Silver Lake and principals of Related Companies contributed additional equity capital.
2. Investment plans
The refinancing provides more than $1 billion for investment in Equinox’s global club portfolio, member experience and strategic growth initiatives. Jim Miller, president of Ares Capital, joined Equinox’s board.
