KEY TAKEAWAYSBlackRock is buying Global Infrastructure Partners for approximately $12.5 billion.The acquisition will help BlackRock expands its focus on infrastructure, and is expected to close in the third quarter of 2024.The deal was announced as BlackRock released fourth-quarter results that beat forecasts and saw the firm's assets cross the $10 trillion mark.BlackRock (BLK) is buying Global Infrastructure Partners for $12.5 billion, as the world's largest asset manager expands its focus on infrastructur ...

BlackRock, Inc.’s (BLK) fourth-quarter 2023 adjusted earnings of $9.66 per share handily surpassed the Zacks Consensus Estimate of $8.84. The figure reflects an increase of 8.2% from the year-ago quarter.The quarterly results benefited from a rise in revenues and higher non-operating income. Further, the assets under management (AUM) balance witnessed an improvement owing to net inflows. However, higher expenses acted as a dampener. Shares of BLK are trending marginally lower in the pre-market trading sessi ...

BlackRock said Friday it would buy Global Infrastructure Partners for $12.5 billion in a major bet on alternative assets and announced a shake-up of its top management.The deal, which includes $3 billion in cash and 12 million BlackRock shares, will put the asset management giant at the heart of investing in ports, power, and digital infrastructure projects around the globe. Once the deal closes, the firm will hold approximately $150 billion in infrastructure assets across a portfolio that ranges from the ...

BlackRock has splashed out US$12.5bn to beef up its alternatives and infrastructure portfolio through the acquisition of Global Infrastructure Partners (GIP). Already the world’s largest fund manager, GIP brings with the US$100bn portfolio containing airports, such as London’s Gatwick, toll roads and bridges, green energy projects and data centres. Adebayo Ogunlesi, GIP’s founder, will join the Blackrock board on completion of the shares and cash deal. “The unprecedented need for new infrastructure – for di ...

BlackRock (NYSE:BLK) stock is in the news Friday after the investment firm announced its plans to acquire Global Infrastructure Partners in a massive deal.BlackRock is offering $3 billion in cash and 12 million shares of BLK stock to acquire Global Infrastructure Partners. The stock portion of the deal has 30% of the total value of the offer deferred for roughly five years.Considering the price of BLK stock, the offer for Global Infrastructure Partners totals roughly $12.5 billion. That makes it the largest ...

From the humble luggage tray to filters that mask smells at sewage plants, the sale of some of Britain’s most pedestrian assets to the world’s largest money manager is to bring a multimillion-dollar payday to a small clutch of little known bankers.Global Infrastructure Partners (GIP), which boasts a $100bn (£79bn) collection of companies including Gatwick airport and the Suez wastewater group, has been sold to the US investment firm BlackRock in a $12.5bn deal.The price tag puts each of GIP’sfounders and pa ...

BlackRock Inc (NYSE: BLK) is in focus this morning after announcing plans of buying Global Infrastructure Partners for about $12 billion.Details of BlackRock – GIP agreementCopy link to sectionThe asset manager expects this cash and stock deal to help expand its footprint in infrastructure that Larry Fink – its chief executive sees as “one of the most exciting long-term investment opportunities”. Blackrock coming together with Global Infrastructure Partners creates a “multi-asset class infrastructure invest ...

BlackRock (BLK) came out with quarterly earnings of $9.66 per share, beating the Zacks Consensus Estimate of $8.84 per share. This compares to earnings of $8.93 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.28%. A quarter ago, it was expected that this investment firm would post earnings of $8.47 per share when it actually produced earnings of $10.91, delivering a surprise of 28.81%.Over the last four quarters, the company ...

智通财经APP获悉，1月12日美股盘前，全球资产管理巨头贝莱德(BLK.US)公布了2023年第四季度财务业绩。数据显示，贝莱德Q4总营收为46.3亿美元，同比增长7%，与市场普遍预期基本一致;GAAP准则下贝莱德Q4净利润为13.75亿美元，同比增长9%，Non-GAAP准则下贝莱德Q4调整后的每股收益为9.66美元，超市场预期的8.84美元，高于上年同期的8.93美元。 财报数据还显示，贝莱德的客户们去年第四季度大举买入该机构发行的长期投资基金，向贝莱德旗下的各类长期ETF和其他基金产品投资规模增加了630亿美元的资金，这表明在全球股市和债市资产价值飙升之际，投资者们纷纷大举将资金投入股市和债市。 财报数据还显示，客户在去年第四季度还向该公司独立管理的现金管理业务和货币市场基金增加了大约330亿美元的资金，这表明该资管巨头正日益将自己定位为全球“一站式投资服务提供商”。整体来看，全球投资者们在去年第四季度向贝莱德旗下的所有ETF产品投资了大约880亿美元，向旗下的所有固定收益类基金投资了大约320亿美元。 在此之前，贝莱德的全球客户们在2023年第三季度从长期基金中撤出了大约130亿美元。而在2023年的 ...

It’s not just the name: BlackRock, the world’s largest asset manager, has its roots in Blackstone, the world’s largest alternative investment manager. On the back of a multi-year boom in private equity and credit, it would make sense that the former wants to move closer to the business of the latter. ...