BlackRock Agrees to Acquire Global Infrastructure Partners (“GIP”), Creating a World Leading Infrastructure Private Markets Investment Platform
Acquiring Company
BlackRock
Acquired Company
Global Infrastructure Partners
New YorkNew YorkFinanceFintechInvestment ManagementDescription
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.
Quick answer
BlackRock is acquiring Global Infrastructure Partners, announced January 12, 2024. BlackRock is based in New York, New York, United States.
- How much did BlackRock pay for Global Infrastructure Partners?
- The deal value was not disclosed.
- What does BlackRock do?
- BlackRock’s purpose is to help more and more people experience financial well-being.
- Where are BlackRock and Global Infrastructure Partners based?
- BlackRock is based in New York, New York, United States. Global Infrastructure Partners is based in New York, New York, United States.
- Who are the decision-makers at BlackRock?
- Fundz holds 2 contacts at BlackRock. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Global Infrastructure Partners?
Global Infrastructure Partners was acquired by BlackRock, based in New York. The deal was reported on January 12, 2024. BlackRock’s purpose is to help more and more people experience financial well-being. BlackRock is privately held and operates in Finance.
When did BlackRock acquire Global Infrastructure Partners?
BlackRock's acquisition of Global Infrastructure Partners was reported on January 12, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Global Infrastructure Partners do?
Global Infrastructure Partners ("GIP") is an independent infrastructure fund manager that makes equity and debt investments in infrastructure assets and businesses. It is privately held, operating in Investment Management, and is based in New York.
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