"BlackRock's $12.5 Billion Acquisition of Global Infrastructure Partners Signals Major Investment Move"
TL;DR
BlackRock has agreed to acquire private-equity firm Global Infrastructure Partners for approximately $12.5 billion in cash and stock, marking a significant move into private-market investments for the world's largest asset manager. This acquisition represents BlackRock's largest since purchasing Barclays's asset management business in 2009 and signifies the company's ongoing efforts to expand its private-market operations.
Topics:businessfinance#acquisition#asset-management#blackrock#finance#global-infrastructure-partners#private-market-investments
- BlackRock to Buy Global Infrastructure Partners for $12.5 Billion The Wall Street Journal
- BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion CNBC
- BlackRock Buys Infrastructure Firm GIP for $12.5 Billion in Major Alternatives Push Yahoo Finance
- BlackRock to buy Global Infrastructure Partners for $12.5bn Financial Times
- BlackRock Posts Earnings Beat, Buys Global Infrastructure Partners for $12.5 Billion Barron's
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Read on The Wall Street Journal