Blackrock acquires Bayo Ogunlesi's GIP for $12.5bn
Global Infrastructure Partners has $106bn invested in infrastructure, while Blackrock manages $10tn worth of alternative assets.
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Global Infrastructure Partners has $106bn invested in infrastructure, while Blackrock manages $10tn worth of alternative assets.
BlackRock will pay $3 billion of cash and about 12 million shares, worth about $9.5 billion at Thursday’s close, and the deal is expected to close in the third quarter.
BlackRock's purchase of Global Infrastructure Partners hinges on a belief in the importance of infrastructure as a key asset for investors in the coming years.
Global Infrastructure Partners, whose portfolio includes Gatwick, sold to BlackRock in $12.5bn deal
BlackRock said Friday it would buy Global Infrastructure Partners for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.