GLP Finalizes Sale of GCP International to Ares Management
- GLP continues to invest globally across high growth and high resilience new economy sectors
- Well-positioned to grow US$81 billion AUM fund management platform, which includes 44 funds under management, to support GLP’s next stage of growth
Singapore, March 3, 2025 -- GLP today announced the completion of the previously announced sale of GCP International to Ares Management Corporation (NYSE: ARES) (“Ares”).
The transaction, previously announced on October 8, 2024, comprises an upfront purchase price of US$3.7 billion in a combination of cash and Ares Class A Common Shares, as well as an additional earn-out provision of up to US$1.5 billion contingent on the achievement of certain performance targets.
“This transaction is a significant achievement, demonstrating our strong capabilities in building a differentiated international fund management business, and ability to realize value from our platforms," said Ming Mei, Co-Founder and CEO of GLP and CEO of GLP Capital Partners. “We are confident that Ares will be an excellent steward of GCP International, and we look forward to the next chapter of growth for GLP as we strategically optimize our business development plans across each region to further our global trajectory.”
Nicholas Johnson, Chief Financial Officer of GLP, said “This transaction demonstrates the value we can create through the development and monetization of successful scaled businesses. We are delighted with the outcome for Ares and for our stakeholders, and the proceeds will continue to support our deleveraging goals while enabling us to selectively reinvest in growth initiatives across new economy sectors."
GLP established its fund management business in 2011 and scaled the business to approximately US$125 billion AUM as of June 30, 2024. The GCP International business acquired by Ares encompasses approximately US$42 billion of this AUM, covering Japan, Europe, the U.S., Brazil and Vietnam.
GLP retains a global footprint through its existing balance sheet assets and investment fund stakes in GCP International funds, and will continue to strategically invest across key markets globally where it can achieve the best risk-adjusted returns, with a continued focus on its investment themes of logistics, digital infrastructure, and renewable energy. Greater China remains one of GLP’s highest conviction markets and the company sees attractive investment opportunities arising from current market dislocation.
Ming Mei will continue as CEO of GLP and the remaining GLP Capital Partners business, supported by a deeply experienced leadership team to ensure continuity and drive future success. He will also continue to support Ares’ growth initiatives as an Ares Partner and Senior Advisor.
Supported by a diversified investor base of more than 110 institutional investors, which include the world’s leading asset allocators, GLP is well-positioned to further grow its ~US$81 billion fund management platform, which includes 44 funds under management. As a global investment manager and business builder, GLP remains committed to building on its track record to innovate into new strategies, drive growth and create sustainable value for its customers, investors and other stakeholders.
About GLP
GLP is a leading global thematic business builder and investment manager, focused on creating scaled platforms within its core sectors of logistics, digital infrastructure and renewable energy. The Group manages over US$80 billion of assets under management and has a proven track record of incubating and scaling platforms across markets and strategies through development, strategic M&A and partnerships. To learn more about GLP, visit www.glp.com/global.
Media Contact
Faye Kwan
+65 6933 3608
fwee@gcp.com
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