BlackRock to Acquire HPS Investment Partners to Deliver Integrated Solutions Across Public and Private Markets
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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Company Research
Source: Business Wire
HPS Investment Partners is a leading global credit investment manager that provides creative capital solutions across $148 billion in client assetsThis combination creates an integrated private credit franchise with ~$220 billion in client assetsExpected to increase private markets fee-paying AUM and management fees by 40% and ~35%, respectivelyTransaction structured for leadership continuity and alignment with BlackRock’s shareholders, with proceeds paid in BlackRock equityHPS leadership team will lead a new, combined business unit NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) and HPS Investment Partners (“HPS”), a leading global credit investment manager with approximately $148 billion in client assets, have entered into a definitive agreement for BlackRock to acquire HPS for approximately $12 billion, with 100% of consideration paid in BlackRock equity. The equity is issued by a wholly-owned subsidiary of BlackRock (“SubCo Units”), and exchangeable on a one-for-one basis into
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BLK
News
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BLK
Earnings
- 10/14/24 - Beat
BLK
Sec Filings
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- 12/6/24 - Form 4
- BLK's page on the SEC website