From Quiver Quantitative:

In a major strategic move, BlackRock has acquired Global Infrastructure Partners for $12.5 billion, a blend of cash and stock. This marks BlackRock’s most significant deal since 2009. The purchase enhances BlackRock’s portfolio with assets like a stake in London’s Gatwick Airport, as the company manages over $10 trillion in assets. GIP’s Chief Executive, Bayo Ogunlesi, will become a major shareholder in BlackRock and lead the new infrastructure group. The acquisition is expected to be finalized in the second or third quarter, reasserting BlackRock’s position as a leader in the asset management industry and preparing for future growth opportunities.

This acquisition is anticipated to be a strategic pivot in BlackRock’s investment approach, aligning with the rising demand for private financing in major infrastructure projects. This decision underscores the company’s dedication to diversifying its portfolio and exploring new markets. Those interested in tracking developments can follow the relevant ticker, BLK. This move demonstrates BlackRock’s capacity to innovate and thrive in a constantly changing financial environment.



Read more: BlackRock’s Strategic Leap with $12.5 Billion GIP Acquisition