BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”), Creating a World Leading Infrastructure Private Markets Investment Platform
BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”), Creating a World Leading Infrastructure Private Markets Investment Platform
01/12/24, 11:09 AM
Location
new yorknew yorkIndustry
lending
fintech
financial services
investment management
BlackRock, Inc. has reached an agreement to acquire Global Infrastructure Partners (GIP) for a total consideration of $3 billion in cash and approximately 12 million shares of BlackRock common stock. The acquisition creates a comprehensive global infrastructure franchise with differentiated origination and asset management capabilities, aiming to deliver market-leading expertise across equity, debt, and solutions at substantial scale. The combined business will be led by the GIP management team, and subject to completion of customary onboarding procedures, GIP's Founding Partner, Bayo Ogunlesi, will be appointed Chairman and Chief Executive Officer of the Board.
Company Info
Location
New York, New York, United States
Company info
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate
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