Walkers advises GLP on the successful sale of GCP International to Ares Management Corporation

Walkers acted as Cayman Islands counsel to GLP and GLP Capital Partners Limited on the completion of the sale of GCP International to Ares Management Corporation (NYSE: ARES) in a deal valued at US$3.7 billion.
 
The transaction was previously announced on 8 October 2024, and comprises a combination of cash and Ares Class A Common Shares, as well as an additional earn-out provision of up to US$1.5 billion contingent on the achievement of certain performance targets. It highlights our ability and expertise to execute complex cross-border and high value transactions of this scale.
 
The Walkers team includes corporate and investment funds partner James Twigg, counsel Michael Kenny and associate Sophia Yuan. Walkers acted alongside lead counsel, Kirkland & Ellis.