BlackRock Completes Acquisition of Global Infrastructure Partners
New York, NY – [Tanggal] – BlackRock, Inc. (NYSE: BLK), a global leader in investment management, today announced the completion of its acquisition of Global Infrastructure Partners (GIP), a leading global infrastructure investor. The deal, which was first announced in November 2022, is valued at approximately $14 billion.
Strategic Rationale
The acquisition of GIP further strengthens BlackRock's position as a leading global infrastructure investor, providing access to a larger and more diversified range of infrastructure assets. This acquisition will expand BlackRock's global infrastructure platform, which already manages over $300 billion in assets.
Key Highlights of the Acquisition:
- Enhanced Expertise: GIP brings a wealth of experience in infrastructure investing, particularly in areas such as transportation, energy, and digital infrastructure. This expertise complements BlackRock's existing capabilities and allows the firm to offer a more comprehensive range of infrastructure solutions to clients.
- Expanded Global Footprint: GIP's presence in key infrastructure markets around the world, including North America, Europe, and Asia, provides BlackRock with valuable local knowledge and relationships. This geographic diversification allows BlackRock to access new investment opportunities and expand its client base.
- Increased Scale and Resources: The combined entity will have a larger pool of capital and resources, enabling BlackRock to pursue more significant and complex infrastructure investments. This scale will also allow BlackRock to further enhance its infrastructure investing capabilities, such as deal origination, asset management, and risk management.
Future Outlook
BlackRock expects the acquisition to be immediately accretive to earnings. The combined entity will be well-positioned to capitalize on the growing demand for infrastructure investments globally. BlackRock's commitment to responsible investing and its strong track record in infrastructure asset management will be crucial in driving sustainable returns for clients.
Quotes
"This acquisition is a significant step in BlackRock's long-term strategy to be the leading global investor in infrastructure," said [Nama CEO BlackRock], CEO of BlackRock. "GIP's expertise and global reach will complement our existing capabilities and allow us to provide even greater value to our clients."
[Nama CEO GIP], CEO of GIP, added, "We are excited to join forces with BlackRock, a global leader in investment management. Together, we will be able to offer clients access to a wider range of infrastructure investment opportunities and continue to deliver strong returns."
About BlackRock
BlackRock is a global leader in investment management, with $9.5 trillion in assets under management as of [Tanggal]. The firm provides a wide range of investment products and services to institutional and retail clients worldwide.
About Global Infrastructure Partners
Global Infrastructure Partners is a leading global infrastructure investor with over $80 billion in assets under management. GIP invests in a wide range of infrastructure assets, including transportation, energy, and digital infrastructure.
Disclaimer:
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. This press release is not a substitute for independent professional advice and should not be used as a basis for making investment decisions.
Keywords: BlackRock, GIP, acquisition, infrastructure, investment management, global, assets under management, strategic rationale, future outlook, financial markets, press release, investment opportunities, earnings.
