Brussels, 30 January 2025
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of GLP Capital Partners (‘GCP’) of Singapore by Ares Management Corporation (‘Ares‘) of the US.
The transaction relates primarily to the markets for the provision of real estate services, and in particular, the markets for the provision of asset management services and industrial real estate services.
The Commission concluded that the notified transaction would not raise competition concerns, given the companies’ limited market positions resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.
More information is available on the Commission’s competition website, in the public case register under the case number M.11787.