From “Wall Street Journal”:

BlackRock acquires Global Infrastructure Partners for $12.5 billion, expanding its reach in private-market investments. This move marks their largest acquisition since 2009, when they purchased Barclays’s asset management business. New York-based GIP owns and operates energy, transportation, and water and waste companies, with a stake in London’s Gatwick Airport.

Overall, BlackRock’s acquisition of Global Infrastructure Partners solidifies its position as the world’s largest asset manager, with a significant push into the private-market investment sector. This $12.5 billion deal is set to make a substantial impact on both companies involved and the investment market as a whole.



Read more: BlackRock to Buy Global Infrastructure Partners for $12.5 Billion