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; real estate lawyers Kevin Ehrhart, Julie Soic and Cody Sonntag; investment funds lawyers Peter Connolly, Jonathan Tadd, Matthew Jobson, Kelly Ryan, Vanessa Walters and Deirdre Haugh; corporate lawyers Annette Baillie, Irfan Ahmed, Matthew Elliott, Brittany Scheier, Jonathan Benloulou and Daniel Elizondo; tax lawyers Mike Beinus, Justin Barbosa, Ian Ferreira and Kunal Nathwani; and debt finance lawyer Kazik Michalski.