BlackRock to Acquire Global Infrastructure Partners (GIP) for $3 Billion
January 14, 2024
BlackRock and Global Infrastructure Partners (GIP) entered into an agreement for BlackRock to acquire GIP for $3 billion in cash plus approximately 12 million shares of BlackRock common stock. The combined platform is expected to strengthen BlackRock’s global infrastructure franchise and improve origination and asset-management capabilities. The transaction is expected to close in the third quarter of 2024, subject to regulatory approvals and customary closing conditions.
- Buyers
- BlackRock
- Targets
- Global Infrastructure Partners (GIP)
- Sellers
- Global Infrastructure Partners (GIP) (as the selling owners of the business and assets)
- Industry
- Infrastructure
- Transaction Type
- Buyout
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