DZP advises Ares Management on the acquisition of assets from GLP Capital Partners

In international cooperation with the law firm Latham & Watkins LLP, DZP has advised a company in the Ares Management Corporation group – a global leader in alternative investment management specialising in loan, real estate, private equity and infrastructure assets.

Ares has concluded an agreement to acquire part of the international business from the GLP Capital Partners Limited group, a world leader in alternative asset classes such as logistics assets, and infrastructure and renewable energy investments. The transaction was valued at USD 3.7 billion and the agreement provides for the possibility of an additional consideration of USD 1.5 billion, subject to the achievement of certain performance indicators.

The transaction will strengthen Ares Real Estate’s position as one of the largest integrated global platforms and will almost double the value of the assets managed to approximately USD 96 billion in North America, Europe, Asia and Latin America. The transaction is expected to be finalised in the first half of 2025, once regulatory approvals have been obtained and other contractual conditions have been met.

Our experts provided support in the area of Polish law. Marcin Kuliński, Daria Dudek and Grzegorz Policht from the Corporate and M&A Practice led by Bartosz Marcinkowski and Sylwia Kuca carried out a due diligence of selected Polish assets and provided support with the purchase agreement. In the area of labour law, the client was comprehensively advised by Agata Mierzwa and Katarzyna Zwierz-Wilkocka from the Labour and Social Security Law Practice, who carried out a labour law due diligence and provided support in pre-closing activities, including advice on setting up a new contract system.

The entire project was supervised by Katarzyna Zwierz-Wilkocka.