Kirkland Advises GLP Capital Partners on Sale of GCP International to Ares
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.
Read the transaction press release
The Kirkland team includes asset management M&A lawyer Peter Vaglio; corporate lawyers Annette Baillie, Irfan Ahmed, Matthew Elliott, Brittany Scheier, Jonathan Benloulou, Daniel Elizondo, Brett Mele, Reagan Kapp, Maysa Alqaisi, Josh Morgan, William Vaughan Kelly and Peter Hillary; real estate lawyers Kevin Ehrhart, Julie Soic, Cody Sonntag and David Perechocky; investment funds lawyers Kelly Ryan, Jonathan Tadd, Peter Connolly, Matthew Jobson, Michelle Cheh, Becca Lock, Damian Jacobs, Emma Whenham, Antonia Marino, Dhruva Krishna and Alex Roggio; financial services regulatory lawyers Vanessa Walters and Deirdre Haugh; tax lawyers Mike Beinus, Justin Barbosa, Ian Ferreira and Kunal Nathwani; debt finance lawyer Kazik Michalski; transactional foreign lawyer Joshua Payne; and investment funds regulatory lawyer Alpa Patel.
