Image: Getty Images BlackRock is set to acquire independent infrastructure fund manager Global Infrastructure Partners (GIP) for a total value of $3bn in cash and approximately 12 million shares of BlackRock’s common stock. Infrastructure is forecast to be one of the fastest-growing segments of private markets in the years ahead. BlackRock has a broad network...
Category: Infra
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BlackRock To Acquire Global Infrastructure Partners for $12.5 Billion
Global Infrastructure Partners (GIP), the world’s largest independent infrastructure manager with over $100 billion in AUM, and BlackRock, Inc. have jointly announced that the companies have entered into an agreement for BlackRock to acquire Global Infrastructure Partners for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock. This...
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BlackRock Buys Infrastructure Firm GIP for $12.5 Billion in Major Alternatives Push
Breadcrumb Trail Links PMN Business BlackRock Inc. agreed to buy Adebayo Ogunlesi’s Global Infrastructure Partners for about $12.5 billion, vaulting the world’s biggest money manager into the top ranks of investors that make long-term bets on energy, transportation and digital infrastructure. Author of the article: Bloomberg News Silla Brush Published Jan 12, 2024 • Last...
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BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion
BlackRock, the world’s biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock. The acquisition is part of the firm’s increased focus on infrastructure, which CEO Larry Fink said is “one of the most exciting long-term investment opportunities.” As part of the deal, GIP’s management team...
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BlackRock to Buy Global Infrastructure Partners for $12.5 Billion
BlackRock has agreed to buy private-equity firm Global Infrastructure Partners for roughly $12.5 billion in cash and stock, a significant push into private-market investments for the world’s largest asset manager. New York-based GIP owns and operates energy, transportation, and water and waste companies, including a stake in London’s Gatwick Airport. The acquisition would be BlackRock’s...
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BlackRock Makes Infrastructure Push With $12.5 Billion Purchase of GIP
KEY TAKEAWAYS BlackRock is buying Global Infrastructure Partners for approximately $12.5 billion. The acquisition will help BlackRock expands its focus on infrastructure, and is expected to close in the third quarter of 2024. The deal was announced as BlackRock released fourth-quarter results that beat forecasts and saw the firm’s assets cross the $10 trillion mark....
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BlackRock to buy Global Infrastructure Partners for $12.5bn
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock has struck a deal to buy Global Infrastructure Partners for more than $12.5bn in cash and stock, a move that will substantially boost the $10tn money manager’s footprint in alternative assets and shake up...
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Top Infrastructure Debt Fund Managers | Infrastructure Debt 30
METHODOLOGY The 2023 II Debt ranking is based on the amount of direct infrastructure debt investment capital raised by firms between 1 January 2017 and 31 August 2022. Where two firms have raised the same amount of capital over this time period, the higher II Debt ranking rank goes to the firm with the largest...
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The Top 3 Financial Centers in the World
A dominant global financial center has international connectedness, cultural and educational diversity, and expertise across the full range of financial products and services. We walk you through the top three, New York, London, and Singapore, as ranked in the Global Financial Centres Index (GFCI). All were recognized for their robust financial institutions, trusted regulatory channels, skilled workforce,...
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Top 10 5G Infrastructure Companies in the World as of 2023
5G has already started to transform a number of global businesses. Although not yet available everywhere, it was introduced in 2019 and has since become the industry standard for broadband mobile networks. Low latency 5G infrastructure drives cutting-edge technological applications including IoT-enabled gadgets, augmented reality, partially driverless vehicles, and much more. Take a look at the...
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Ranked: The 100 Best Cities In The World To Visit, According To A New Report
What are the best cities in the world? Euromonitor International has unveiled the Top 100 City Destinations Index 2023. This comprehensive analysis serves as a guide to the most dynamic and influential cities across the globe and gives a glimpse into the best places to travel to right now. To come up with the list,...
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Top Canadian Infrastructure ETFs to Buy in December 2023 – Stocktrades
The increasing popularity of exchange-traded funds over the last few years isn’t surprising. They give investors single-click exposure to a particular industry, investment strategy, or market sector. ETFs also help investors avoid the pitfalls of choosing individual stocks and being wrong. In this post, we’ll speak on some of the best Canadian infrastructure ETFs to own...