Ares Management Enters Definitive Deal To Acquire GCP International, And Existing Capital Commitments To Certain Managed Funds, In Transaction Valued At $3.7B
Portfolio Pulse from Benzinga Newsdesk
Ares Management has entered a definitive agreement to acquire GCP International and existing capital commitments to certain managed funds in a transaction valued at $3.7 billion. The deal includes $1.8 billion in cash and $1.9 billion in Ares Class A Common Shares, with long-term performance incentives. The transaction is expected to close in the first half of 2025.
October 08, 2024 | 10:15 am
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Ares Management is acquiring GCP International in a $3.7 billion deal, involving cash and stock. This strategic acquisition includes performance incentives aligning GCP leadership with Ares' interests.
The acquisition of GCP International by Ares Management is a significant strategic move, valued at $3.7 billion. The deal involves a substantial amount of cash and stock, indicating a strong commitment from Ares. The inclusion of performance incentives suggests a focus on long-term alignment and success, which is likely to be viewed positively by investors. The expected closing in the first half of 2025 provides a timeline for integration and potential synergies.
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