Walton Street: Ares Management Corporation agrees $3.7bn acquisition of GCP International

Ares Management Corporation is set to acquire the international business of GLP Capital Partners, excluding its operations in Greater China. The transaction is valued at $3.7bn (£2.8bn), which includes around $1.8bn in cash and about $1.9bn in Ares Class A Common Shares. The acquisition will nearly double Ares' assets under management (AUM) to approximately $96bn [...]The post Ares Management Corporation agrees $3.7bn acquisition of GCP International appeared first on Alternative Credit Investor.