GLP Group has announced the merger of its fund management business, GLP Capital Partners (GCP), with Ares Management Corporation, a leading alternative asset management company listed on the New York Stock Exchange. The merger includes GCP's international operations in Japan, the United States, Europe, Brazil, and Vietnam. The transaction is valued at a total of $5.2 billion, which consists of an initial consideration of $3.7 billion and a potential additional payout of up to $1.5 billion tied to performance targets.
The merger aims to enhance the global reach and capabilities of both companies, combining GCP's extensive network with Ares' expertise in asset management. This strategic move is expected to create substantial growth opportunities and deliver value to stakeholders.
