Ares Doubles Down: $3.7B GCP International Buyout To Supercharge Global Real Estate Portfolio

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 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.

As of June 30, 2024, GCP International, which is a global alternative asset management firm, had $44 billion in assets under management (AUM).

This acquisition is expected to position Ares Real Estate as one of the largest global vertically integrated platforms, nearly doubling its AUM to around $96 billion across North ...