On October 8, 2024 Ares Management Corporation announced that it will acquire GCP International Management.
Ares Management Corporation (“Ares”) announced, on October 8, 2024, that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”). The consideration includes approximately $1.8 billion in cash and approximately $1.9 billion in Ares Class A Common Shares, subject to customary adjustments. The transaction is structured to include long-term performance incentives designed to align GCP International leadership with the interests of fund clients and Ares stockholders. Further terms of the deal were not disclosed.
Ares (NYSE: ARES), based in Los Angeles, is a global alternative investment manager offering clients primary and secondary investment solutions across the credit, real estate, private equity, and infrastructure asset classes. As of June 2024, Ares had over $447 billion in assets under management. Barclays served as one of the financial advisors to Ares on the transaction.
GCP International, based in Singapore, is a global alternative asset manager that focuses on thematic investing across real assets and private equity. As of June 2024, GCP International had $44 billion in assets under management.
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