Ares Management Corporation to Acquire GCP International

Ares Management Corporation has announced that it will acquire the international business of GLP Capital Partners Limited and some of its affiliates, excluding its operations in Greater China and existing capital commitments to certain managed funds. The transaction is valued at $3.7 billion, and includes approximately $1.8 billion in cash and approximately $1.9 billion in Ares Class A Common Shares.

The acquisition will establish Ares Real Estate as one of the largest global vertically integrated platforms and nearly doubles its assets under management (AUM) to approximately $96 billion across North America, Europe, Asia, and Latin America. 

“We have long admired the global real estate experience of GCP and its capabilities in facilitating the economy of the future, which includes investing in and managing industrial, data center and self-storage assets,” said Michael Arougheti, Chief Executive Officer and President of Ares. “As a combined business, we believe that Ares’ and GCP International’s experienced management teams, highly collaborative cultures and investment track records will create a powerhouse in global real assets investing.”

“We have great respect for the business that the GCP International leadership team has built, and we believe that there are attractive strategic synergies between our firms,” said Bill Benjamin and Julie Solomon, Co-Heads of Ares Real Estate. “Combining our platforms will further enhance our strong position in the industry and bolster Ares as a global market leader in real estate with vertically integrated capabilities. We are excited for the opportunities that we can pursue together with our expanded product suite, like-minded cultures and our ability to invest in assets that facilitate the new economy.”

About Management Corporation

Ares Management Corporation  is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. Ares seeks to provide flexible capital to support businesses and create value for stakeholders and within communities. By collaborating across its investment groups, Ares aims to deliver consistent and attractive investment returns throughout market cycles.