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

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.