Ares to acquire GCP International from GLP Capital Partners for $3.7bn.

Ares, an American global alternative asset manager, agreed to acquire GCP International, a global alternative asset management firm, from GLP Capital Partners, a global alternative asset manager investing in logistics, infrastructure and renewable energy assets, for $3.7bn. “We have long admired the global real estate experience of GCP and its capabilities in facilitating the economy of the future, which includes investing in and managing industrial, data center and self-storage assets. As a combined business, we believe that Ares’ and GCP International’s experienced management teams, highly collaborative cultures and investment track records will create a powerhouse in global real assets investing,” Michael Arougheti, Ares President and CEO.