Kirkland & Ellis is advising GLP Capital Partners Limited on the sale of its international business and certain of its affiliates, excluding its operations in Greater China (“GCP International”), and existing capital commitments to certain managed funds to Ares Management Corporation (NYSE: ARES) in a transaction valued at $3.7 billion. The deal includes approximately $1.8 billion in cash and approximately $1.9 billion in Ares Class A Common Shares. 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 economy sectors that benefit from attractive, long-term secular trends, such as industrial, digital infrastructure and self-storage. The transaction will follow a separation of GCP International from GLP Capital Partners’ remaining business, which will remain independent and headquartered in Singapore with a focus on investing in Greater China. The acquisition is expected to close in the first half of 2025 subject to customary regulatory approvals and other closing conditions.
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