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BlackRock is buying independent infrastructure fund manager Global Infrastructure Partners in a cash-and-stock deal valued at more than $12 billion. The deal announced Friday includes $3 billion ...
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 ...
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 ...
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 ...
[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.
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 ...
In January the New York company announced that it was buying independent infrastructure fund manager Global Infrastructure Partners in a cash-and-stock deal valued at more than $12 billion. That ...