Ares Management Corporation (NYSE: ARES) announced that one of its subsidiaries has entered into a definitive agreement to acquire 100% of Walton Street Capital Mexico S. de R.L. de C.V. and certain of its affiliates, a leading real estate asset management platform focused primarily on the industrial sector with US$2.1 billion in assets under management as of June 30, 2024, from Walton Street Capital, L.L.C.

Latham & Watkins LLP represents Ares in the transaction with a corporate deal team led by Los Angeles/New York partner Julian Kleindorfer and Chicago partner Owen Alexander, with associates Michael Magstadt, Lou Jeffers,* and Mariah Levy. Advice was also provided on tax matters by Century City/Los Angeles partner Pardis Zomorodi, with associate Eric Song; on investment funds matters by Chicago/New York partner Matthew Wynne; on funds regulatory matters by Washington, D.C. partner Jamie Lynn Walter, with associate Mike Hart-Slattery; on real estate matters by New York partners Michelle Kelban and Dara Denberg, with associate Dylan Penza; on intellectual property matters by Washington, D.C. partner Morgan Brubaker, with associate Caroline Toman Lammon; on benefits matters by Boston partner Josh Friedman, with associate Rebecca Fishbein; on labor matters by Chicago partner Nineveh Alkhas, with associate Jocelyn Wexler; on US data privacy matters by Bay Area partner Robert Blamires, with associates Kathryn Parsons-Reponte and Austin Anderson; on EU data privacy matters by London counsel Danielle van der Merwe, with associates Victoria Wan and Kate Burrell; on US antitrust matters by New York partner Katherine Rocco and Washington, D.C. counsel Joseph Simei, with associates Carla Palma and Ned Brose; on ex-US antitrust matters by Paris partner Adrien Giraud, with associate Romain Perrois; on ESG matters by New York partner Betty Huber, with associate Preeti Grewal; on anticorruption matters by New York partner Matthew Salerno; on regional matters by Washington, D.C. partner Daniel Dominguez; on insurance matters by Los Angeles partners Drew Levin and Harrison White, with associate Enrique Covarrubias; and on sanctions matters by Washington, D.C. partner Eric Volkman, with associates Elizabeth Annis and Monica Calce.

*Not barred in Texas. Admitted to practice in Illinois.