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Stock impact report

BlackRock to Buy Credit Firm HPS in $12 Billion All-Stock Deal [BNN Bloomberg (Canada)]

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: BNN Bloomberg
HPS founders Scott Kapnick, Scot French and Michael Patterson will lead a new private financing solutions business unit with BlackRock, the asset manager said Tuesday in a statement. “Together with the scale, capabilities, and expertise of the HPS team, BlackRock will deliver clients solutions that seamlessly blend public and private,” BlackRock Chief Executive Officer Larry Fink said in the statement. The transaction is expected to be completed in mid-2025, pending regulatory approval. That would leave BlackRock, which manages $11.5 trillion, with almost $600 billion of alternative assets. “The combination of HPS's proven culture of investment discipline with BlackRock's global reach will allow us to seize new opportunities for our investors and employees,” Kapnick, HPS' CEO, said in the statement. The deal caps a year of Fink's efforts to transform the world's biggest manager of public stocks and bonds into a formidable player in private assets coveted by pensions, insurers Show less Read more
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