Ares Management is in advanced discussions to acquire GLP Capital Partners’ operations outside of China, people familiar with the matter told Bloomberg’s Manuel Baigorri, Dawn Lim, Gillian Tan and Cathy Chan. Ares and GCP are finalizing details of a transaction that could be agreed as soon as the next few weeks and have been discussing a deal that would feature a roughly $3.5B upfront payment, with the total value climbing to around $5B over time if certain targets are hit, the sources said.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARES:
- Ares Management in talks to buy GLP Capital ops outside of China, Bloomberg says
- Ares Management initiated with an Equal Weight at Wells Fargo
- NFL owners vote to allow PE investment in franchises, Washington Post says
- Ares Management initiated with a Neutral at Redburn Atlantic
- Ares Management price target lowered to $133 from $134 at Deutsche Bank