On September 26, 2024, Ares Management Corporation announced that it will acquire Walton Street Capital Mexico S. de R.L. de C.V.
Ares Management Corporation (“Ares”) announced on September 26, 2024, that one of its subsidiaries, Ares Real Estate, has entered into a definitive agreement to acquire Walton Street Capital Mexico S. de R.L. de C.V. (“Walton Street Mexico”) and certain of its affiliates. The transaction is expected to close in the fourth quarter of 2024 and is subject to customary closing conditions, including regulatory approvals. Further terms of the transaction were not disclosed.
Ares (NYSE: ARES), based in Los Angeles, is a global alternative investment manager operating in the credit, private equity, and real estate markets. As of June 2024, Ares had over $447 billion in assets under management.
Walton Street Mexico, is a real estate asset management platform focused primarily in the industrial sector. As of June 2024, Walton Street Mexico had $2.1 billion in assets under management. Berkshire Global Advisors L.P. served as financial advisor to Walton Street on the transaction.
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