REIT - Ares Management in Talks on Merger With GLP Capital | Benzinga
Ares Management Corporation (NYSE: ARES) is in talks on a possible merger with real estate investment firm GLP Capital Partners Ltd. The news was first reported by Bloomberg, citing people with knowledge of the matter who asked not to be identified because the information is private.
There is no certainty yet that the talks will lead to a deal. Representatives for ARES and GLP Capital declined to comment on the matter.
If finalized, the merger will rank as one of the biggest combinations in the alternative asset management industry over the past few years.
According to the people with knowledge of the matter, ARES is exploring a potential merger with GLP Capital's operations outside China. The transaction could add $66 billion of assets under management spread across Japan, Southeast Asia, Europe, the United States and Brazil.