---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-106822"
form_type: "8-K"
ticker: "ARES"
cik: "0001176948"
company_name: "Ares Management Corp"
filed_at: "2024-10-08T23:59:59+00:00"
generated_at: "2026-05-30T17:43:20.557954+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ares Management to acquire GCP International for $3.7B; expects close in H1 2025

## Summary
- Consideration: ~$1.8B cash + ~$1.9B Ares Class A common stock; earn-out up to $1.5B through 2027.
- Acquisition nearly doubles AUM to ~$96B, creating one of the largest global real estate platforms.
- Transaction expected modestly accretive to after-tax realized income per share in first full year post-close.
- Bridge facility of $2.0B from Morgan Stanley and Citi; equity issuance represents ~6% of outstanding shares.
- GCP International manages $44B AUM, 23 funds, over 320M sq ft industrial, 1GW data center capacity.

## SEC filing metadata
- accession: 0001104659-24-106822
- form_type: 8-K
- ticker: ARES
- cik: 0001176948
- company_name: Ares Management Corp
- filed_at: 2024-10-08T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1176948/000110465924106822/0001104659-24-106822-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1176948/000110465924106822/tm2425002d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-106822
- JSON: https://secwatch.observer/filing/0001104659-24-106822.json
- Plain text: https://secwatch.observer/filing/0001104659-24-106822.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.