BlackRock to Acquire Global Infrastructure Partners, Q4 AUM Beats Estimates

BlackRock to Acquire Global Infrastructure Partners in $12.5B Deal

Investment management firm BlackRock has announced its agreement to purchase Global Infrastructure Partners (GIP) in a $12.5 billion cash-and-stock deal. This acquisition will establish BlackRock as a multi-asset class investing giant. The deal entails BlackRock acquiring GIP for $3 billion in cash and approximately 12 million shares of BlackRock’s common stock. The combined assets under management (AUM) of the two entities will be over $150 billion. Around 30% of the total transaction, in the form of stock, will be deferred and issued in approximately five years. The deal is subject to regulatory approval and is expected to be completed in the third quarter of this year.