Ares Management Corp. has entered into a definitive agreement with GLP Capital Partners to acquire its international business (GCP International), excluding its operations in Greater China, in a transaction valued at $3.7 billion.
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.
Ares was exploring the deal’s potential in June, according to Bloomberg.
The acquisition will firmly establish Ares Real Estate as one of the largest global vertically integrated platforms and nearly doubles its assets under management to approximately $96 billion across North America, Europe, Asi