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GIP, which was founded in 2006, manages more than $100 billion in client assets across infrastructure equity and debt, with a focus on energy, transport, water and waste, and digital sectors.
In January 2024, BlackRock agreed to buy Global Infrastructure Partners for about $12.5 billion. BlackRock will pay $3 billion in cash and 12 million of its own shares as part of the deal to buy GIP. The 400 people directly employed by GIP will receive some of the stock, and five of the six founding partners, including chief executive Ogunlesi ...
BlackRock's plan to buy private equity firm Global Infrastructure Partners is a $12.5 billion bet by the world’s largest money manager on growing demand for new energy, transportation, and ...
Global Infrastructure Partners, LLC (GIP) is an American infrastructure investment fund making equity and selected debt investments across markets worldwide. GIP's main headquarters are located in New York City and its equity investments are based on infrastructure assets in the energy, transport and water & waste sectors.
The fact that BlackRock’s $12.5 billion purchase of Global Infrastructure Partners shook up a corporate boardroom isn’t entirely shocking. But what if that C-suite is the one belonging to ...
[63] [64] In January 2024, BlackRock announced that it would acquire the investment fund Global Infrastructure Partners for $12.5 billion. [65] [66] [67] BlackRock agreed to pay $3 billion in cash and 12 million of its own shares as part of the deal to buy GIP.
In October, BlackRock closed its $12.5 billion buy of PE firm Global Infrastructure Partners, which ranks as the 20 th largest global announced merger this year, according to Dealogic. BlackRock ...
On 21 October 2009, it was announced that an agreement had been reached to sell Gatwick to a consortium led by Global Infrastructure Partners (GIP), which subsequently also bought Edinburgh Airport in 2012, [nb 3] for £1.51 billion. The sale was completed on 3 December. [22]