Ares Management to Acquire GCP's Global Assets for $5.2 Billion

The deal, excluding China, boosts Ares' real estate holdings and positions it for growth in digital infrastructure.

Ares Management Corp. will acquire GLP Capital Partners' international assets, excluding China, for up to $5.2 billion.
The transaction involves an initial payment of $3.7 billion, with $1.8 billion in cash and $1.9 billion in Ares Class A shares.
An additional earn-out of $1.5 billion is contingent on meeting specific performance targets.
The acquisition is expected to nearly double Ares Real Estate's assets under management to approximately $96 billion.
The deal is anticipated to close in the first half of 2025, pending regulatory approvals.