Ares Management Corporation to Acquire Walton Street Mexico
Ares Management (NYSE: ARES) has announced its plan to acquire Walton Street Mexico, a leading real estate asset management platform focused on the industrial sector with $2.1 billion in assets under management. The acquisition will expand Ares Real Estate's capabilities in the key Mexican industrial market.
Walton Street Mexico, led by Federico Martin del Campo, has invested in over 51 million square feet of industrial real estate across 250+ properties since 2010. This acquisition aligns with Ares' strategy to grow in key geographies and sectors benefiting from long-term structural tailwinds.
The transaction is expected to close in Q4 2024, subject to regulatory approvals, and is anticipated to be immediately accretive to Ares' after-tax realized income per share. This move positions Ares to capitalize on the increasing demand for warehouse space in Mexico, driven by global supply chain shifts.
Ares Management (NYSE: ARES) ha annunciato il suo piano di acquisire Walton Street Mexico, una piattaforma leader nella gestione di asset real estate focalizzata sul settore industriale con 2,1 miliardi di dollari in asset gestiti. L'acquisizione amplierà le capacità di Ares Real Estate nel chiave mercato industriale messicano.
Walton Street Mexico, guidata da Federico Martin del Campo, ha investito in oltre 51 milioni di piedi quadrati di immobili industriali in più di 250 proprietà dal 2010. Questa acquisizione è in linea con la strategia di Ares di espandersi in aree geografiche e settori chiave che beneficiano di tendenze strutturali a lungo termine.
Si prevede che la transazione si chiuda nel Q4 2024, soggetta ad approvazioni normative, e si anticipa che sarà immediatamente accrescitiva per il reddito realizzato dopo le tasse per azione di Ares. Questa mossa posiziona Ares per capitalizzare sulla crescente domanda di spazi di magazzino in Messico, guidata dai cambiamenti nella catena di approvvigionamento globale.
Ares Management (NYSE: ARES) ha anunciado su plan para adquirir Walton Street Mexico, una plataforma líder en gestión de activos inmobiliarios centrada en el sector industrial con 2.1 mil millones de dólares en activos bajo gestión. La adquisición ampliará las capacidades de Ares Real Estate en el clave mercado industrial mexicano.
Walton Street Mexico, liderado por Federico Martin del Campo, ha invertido en más de 51 millones de pies cuadrados de bienes raíces industriales en más de 250 propiedades desde 2010. Esta adquisición se alinea con la estrategia de Ares de crecer en geografías clave y sectores que se benefician de vientos estructurales a largo plazo.
Se espera que la transacción se cierre en el cuarto trimestre de 2024, sujeta a aprobaciones regulatorias, y se anticipa que sea inmediatamente accretiva al ingreso realizado después de impuestos por acción de Ares. Este movimiento posiciona a Ares para capitalizar sobre la creciente demanda de espacio de almacén en México, impulsada por los cambios en la cadena de suministro global.
Ares Management (NYSE: ARES)는 Walton Street Mexico를 인수할 계획을 발표했습니다. 이 회사는 21억 달러의 관리 자산에 중점을 둔 산업 부문에 집중하는 선도적인 부동산 자산 관리 플랫폼입니다. 이 인수는 Ares Real Estate의 멕시코 주요 산업 시장에서의 역량을 확대할 것입니다.
Federico Martin del Campo가 이끄는 Walton Street Mexico는 2010년 이후 250개 이상의 부동산에 걸쳐 5,100만 평방 피트 이상의 산업 부동산에 투자해왔습니다. 이 인수는 Ares의 핵심 지리적 및 산업적 성장 전략과 일치하며, 장기적인 구조적 이점으로부터 혜택을 받을 것입니다.
이 거래는 규제 승인을 조건으로 2024년 4분기에 마감될 것으로 예상되며, Ares의 세후 실현 수익률을 즉시 증가시킬 것으로 기대됩니다. 이 움직임은 Ares가 글로벌 공급망 변화에 의해 주도되는 멕시코의 창고 공간 수요 증가를 포착할 수 있도록 합니다.
Ares Management (NYSE: ARES) a annoncé son plan d'acquérir Walton Street Mexico, une plateforme de gestion d'actifs immobiliers de premier plan axée sur le secteur industriel avec 2,1 milliards de dollars d'actifs sous gestion. Cette acquisition élargira les capacités d'Ares Real Estate sur le marché industriel clé du Mexique.
Walton Street Mexico, dirigé par Federico Martin del Campo, a investi dans plus de 51 millions de pieds carrés d'immobilier industriel à travers plus de 250 propriétés depuis 2010. Cette acquisition s'inscrit dans la stratégie d'Ares de croître dans des géographies et des secteurs clés bénéficiant de tendances structurelles à long terme.
La transaction devrait être finalisée au quatrième trimestre 2024, sous réserve des approbations réglementaires, et devrait être immédiatement accretive au revenu net par action réalisé d'Ares. Ce mouvement positionne Ares pour tirer parti de la demande croissante d'espace d'entrepôt au Mexique, alimentée par les changements dans la chaîne d'approvisionnement mondiale.
Ares Management (NYSE: ARES) hat seinen Plan bekannt gegeben, Walton Street Mexico zu übernehmen, eine führende Plattform für die Immobilienvermögensverwaltung, die sich auf den Industriesektor mit 2,1 Milliarden Dollar an verwalteten Vermögenswerten konzentriert. Die Übernahme wird die Fähigkeiten von Ares Real Estate im wichtigen mexikanischen Industriesektor erweitern.
Walton Street Mexico, geleitet von Federico Martin del Campo, hat seit 2010 in über 51 Millionen Quadratfuß Industrieimmobilien in mehr als 250 Objekten investiert. Diese Übernahme steht im Einklang mit der Strategie von Ares, in wichtigen geografischen Gebieten und Sektoren zu wachsen, die von langfristigen strukturellen Trends profitieren.
Der Abschluss der Transaktion wird im vierten Quartal 2024 erwartet, vorbehaltlich regulatorischer Genehmigungen, und es wird erwartet, dass sie sofort positiv für das nachsteuergestützte Einkommen pro Aktie von Ares sein wird. Dieser Schritt positioniert Ares, um von der steigenden Nachfrage nach Lagerflächen in Mexiko zu profitieren, die durch globale Veränderungen in der Lieferkette getrieben wird.
- Acquisition of Walton Street Mexico with $2.1 billion in assets under management
- Expansion into the growing Mexican industrial real estate market
- Addition of 51 million square feet of industrial real estate across 250+ properties
- Expected to be immediately accretive to Ares' after-tax realized income per share
- Strengthens Ares' global industrial real estate platform
- Capitalizes on increasing demand for warehouse space in Mexico due to supply chain shifts
- None.
Insights
Ares Management 's acquisition of Walton Street Mexico is a strategic move to expand its real estate capabilities in the industrial sector. This deal adds
The transaction aligns with Ares' focus on high-conviction sectors and geographies. It positions the company to capitalize on the growing trend of nearshoring and the increasing demand for industrial space in Mexico. This expansion could lead to increased revenue streams and diversification for Ares.
The deal is expected to be immediately accretive to Ares' after-tax realized income per share, which is a positive sign for shareholders. However, investors should monitor the integration process and any potential challenges in operating in the Mexican market.
This acquisition is a significant development in the North American industrial real estate landscape. Walton Street Mexico's portfolio of over 51 million square feet across 250 properties provides Ares with an instant, substantial foothold in Mexico's industrial market.
The timing is strategic, coinciding with the reshoring and nearshoring trends accelerated by global supply chain disruptions. Mexico's position as an attractive location for skilled manufacturing is likely to drive increased demand for industrial space.
Ares' expanded industrial footprint, now spanning the U.S., Europe and Mexico, creates a vertically integrated platform that can serve multinational clients across North America. This comprehensive offering could give Ares a competitive edge in attracting and retaining major industrial tenants.
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
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