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Ares Management Acquires GLP Capital Partners' International Operations for $3.7 Billion, $1.8 Billion Cash

Oct 8, 2024, 02:58 AM

Ares Management Corp has announced its acquisition of GLP Capital Partners' (GCP) international operations, excluding China, in a deal valued at $3.7 billion. The transaction includes $1.8 billion in cash and is considered one of the largest recent combinations in the alternative asset management industry. This strategic move aims to bolster Ares' real estate business, further expanding its global footprint. Tickers of interest include $ARES and $BKX, Bloomberg Reports.