BlackRock has agreed to acquire Global Infrastructure Partners, an independent infrastructure fund manager, for $3 billion in cash and approximately 12 million shares of BlackRock common stock. The transaction, announced Jan. 12, is expected to close in the third quarter of 2024. New York-based BlackRock was advised by Fried, Frank, Harris, Shriver & Jacobson and Skadden, Arps, Slate, Meagher & Flom. Global Infrastructure Partners was represented by Debevoise & Plimpton and Kirkland & Ellis.
Banking & Financial Services
January 12, 2024, 3:09 PM