Ares Management Corporation to Acquire GCP International

NEW YORK – October 8, 2024 – Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that it has entered into a definitive agreement to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations …

CouponFollow Extension

$44
OFF

Ares Management Corporation To Acquire GCP International

4 weeks from now

Oct 8, 2024 · GCP International is a global alternative asset management firm with $44 billion of AUM, as of June 30, 2024, and a long history of building scaled platforms oriented to new …

yahoo.com

$3
OFF

Ares To Acquire GCP International In $3.7 Billion Deal

4 weeks from now

Oct 8, 2024 · Ares Management Corp., represented by Latham & Watkins LLP, announced Tuesday that it has agreed to acquire GCP International, a global alternative asset …

usaherald.com

$3
OFF

Ares Doubles Down: $3.7B GCP International Buyout To …

4 weeks from now

Ares Management Corporation (NYSE:ARES) shares are trading lower after the company disclosed a deal to acquire GCP International in a transaction valued at $3.7 billion. The deal …

yahoo.com

$3
OFF

Ares Management To Buy GCP International For $3.7 Bln

4 weeks from now

Oct 8, 2024 · The company said that the acquisition of GCP International, which has an assets under management of $44 billion as of June 30, 2024, will double Ares' AUM to about $96 …

nasdaq.com

$3
OFF

Ares To Build Real Estate Business With $3.7B Acquisition

4 weeks from now

Oct 9, 2024 · Ares plans to acquire global alternative asset management firm GCP International for $3.7 billion in a deal that will nearly double real estate assets under management. The …

institutionalinvestor.com

$3
OFF

Ares Management To Buy GCP International, Boost Real Estate …

4 weeks from now

Oct 9, 2024 · ARES is set to acquire GCP Internation for roughly $3.7 billion to boost its position in the real estate sector and explore growth driven by secular tailwinds.

zacks.com

FAQs about Ares Management Corporation to Acquire GCP International Coupon?

Does Ares own GCP international?

Ares plans to acquire global alternative asset management firm GCP International for $3.7 billion in a deal that will nearly double real estate assets under management. The acquisition includes roughly $1.8 billion in cash, with the rest in stock. GCP International manages $44 billion in real assets and private equity. ...

What is Ares Management Corp's acquisition of GLP Capital Partners Limited worth?

Ares Management Corp. ARES has agreed to acquire the international business of GLP Capital Partners Limited and certain of its affiliates, excluding its operations in Greater China (“GCP International”). The transaction is valued at $3.7 billion. ...

How much will GCP international buy Ares real estate?

GCP International manages $44 billion in real assets and private equity. Once the deal closes, Ares Real Estate will have roughly $96 billion in assets across North America, Europe, Asia, and Latin America. The acquisition is expected to bring Ares’ total global AUM to about $492 billion. ...

How much money does GCP international invest in Ares?

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. ...

Will GCP international join Ares?

GCP International President Michael Steele and leadership teams from Japan, Europe, the U.S., Brazil, and Vietnam, will join Ares. Ares’ president and CEO Michael Arougheti said in a statement that the combined business “will create a powerhouse in global real assets investing.” ...

How much does a GCP international acquisition cost?

The deal involves around $1.8 billion in cash and about $1.9 billion in Ares Class A Common Shares, subject to customary adjustments. The acquisition includes long-term performance incentives to align GCP International’s leadership with the interests of fund clients and Ares stockholders. ...