GLP Announces Monetization of International Fund Management Business - Expects to exceed the US$10 billion monetization target
GLP Pte. Ltd. (“GLP” or the “Group”) has today announced that Ares Management Corporation (“Ares”; NYSE: ARES), a leading global alternative investment manager, shall acquire GLP Capital Partners’ (“GCP”) international fund management business in Japan, the U.S., Europe, Brazil and Vietnam (“GCP International”) in a transaction comprising a total initial consideration of US$3.7 billion and an additional earn-out provision of up to US$1.5 billion subject to achieving certain performance objectives.
GLP Capital Partners Completes the Sale of a Portfolio of Three Assets in Spain
GLP Capital Partners (“GCP”), a leading global alternative asset manager, has today announced the sale of a portfolio of logistics assets in Spain, totalling 113,000 sqm, on behalf of its pan-European development fund to EQT Exeter. The three fully-let Grade A Spanish logistics assets are located in Valls, Illescas and Guadalajara.