Ares Management Corporation to Acquire Walton Street Mexico
Transaction Expands Ares Real Estate Capabilities and Reach in Key Industrial Market
Ares Real Estate to Further Capitalize on Long-Term Structural Tailwinds as One of the Largest Vertically Integrated Industrial Platforms Across North America
Led by Federico Martin del Campo, Managing Partner and CEO, the Walton Street Mexico team consists of over 15 investment professionals that have transacted in industrial and other major real estate sectors in
Ares Real Estate has thoughtfully grown its platform over time with a focus on expanding in key geographies and sectors that are positioned to benefit from attractive long-term structural tailwinds. Throughout this time, the team has maintained high conviction in the industrial real estate sector, establishing a total industrial portfolio of
“We are excited to announce this transaction and believe that the Walton Street Mexico team will bring great insights to Ares as we continue to grow our leading global industrial real estate platform,” said Michael Arougheti, Chief Executive Officer and President of Ares. “We believe that Federico and the team are aligned with our values and will provide a distinctive edge to the Ares Real Estate team. We are seeing a meaningful shift in supply chain dynamics globally with
“On behalf of the broader Ares Real Estate team, we want to welcome Federico and the Walton Street Mexico team to Ares,” said David Roth, Co-Head of Ares
“Walton Street is proud to have led the development of Walton Street Mexico into one of the preeminent private equity real estate managers in Mexico,” said Jeff Quicksilver, Co-Founder and Managing Partner of Walton Street Capital. “The strategic timing of the sale allows our team to continue its focus on the growth of our
“We are excited to be joining Ares, which is well recognized as a leading global alternative investment manager, and owner and operator of real estate,” said Mr. Martin del Campo. “We believe there are cultural and skill set synergies between our two teams, which will support our ability to execute on our strategic growth objectives in
The transaction is expected to be immediately accretive to Ares’ after-tax realized income per share of Class A and non-voting common stock. The transaction is expected to close in the fourth quarter of 2024 and is subject to customary closing conditions, including regulatory approvals.
Latham & Watkins LLP served as legal counsel to Ares and Kirkland & Ellis LLP and Mayer Brown LLP served as legal counsel to Walton Street in connection with the transaction. Berkshire Global Advisors L.P. served as financial advisor to Walton Street.
About Ares Management Corporation
Ares Management Corporation (NYSE:ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2024, Ares Management Corporation's global platform had over
About Walton Street Capital, L.L.C.
Walton Street is a private real estate investment firm that manages a diversified equity and debt platform on behalf of its global institutional clients. Since its inception in 1994 through its affiliates, Walton Street has raised more than
Forward-Looking Statements
Statements included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect our current views with respect to, among other things, future events, operations and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” “foresees” or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties, including the ability of Ares to consummate the Walton Street Mexico acquisition and to effectively integrate the acquired business into our operations, to achieve the expected benefits therefrom and growth of the business. Actual results may vary materially from those indicated in these forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the SEC. Ares does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
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Ares Management Contacts
Media:
Brittany Cash, +1 212-301-0347
media@aresmgmt.com
Investors:
Greg Mason, +1 314-282-2533
gmason@aresmgmt.com
Walton Street Capital, L.L.C. Contacts
Kate Kappas, +1 312-915-2814
kappask@waltonst.com
Source: Ares Management Corporation
