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Ares Management Corp. to acquire GCP International
Transactions - OCTOBER 8, 2024

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Ares Management Corp. to acquire GCP International

by Released

Ares Management announced that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners and certain of its affiliates (GCP International), excluding its operations in Greater China and existing capital commitments to certain managed funds, 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. 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, Asia and Latin America. The transaction is expected to be modestly accretive to Ares’ after-tax realized in

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