BlackRock to acquire Global Infrastructure Partners for $3 billion in cash and about 12 million shares

Group 1 - BlackRock Inc. has agreed to acquire Global Infrastructure Partners for $3 billion in cash and approximately 12 million shares [1] - The infrastructure market is currently valued at $1 trillion and is expected to grow rapidly in the coming years, driven by long-term structural trends [1] - Key trends supporting infrastructure investment include increased global demand for upgraded digital infrastructure, renewed investment in logistical hubs, and a shift towards decarbonization and energy security [1] Group 2 - Global Infrastructure Partners has over $100 billion in assets under management and a strong reputation for enhancing portfolio companies [1] - GIP operates with around 400 employees and manages more than 40 portfolio companies that generate over $75 billion in annual revenue [1] - BlackRock plans to finance the cash portion of the acquisition by raising approximately $3 billion in additional debt [1] Group 3 - The acquisition is expected to modestly increase adjusted EPS and operating margin in the first full year after the deal closes, anticipated in the third quarter [1] - BlackRock's stock has increased by 5% over the last 12 months, while the S&P 500 has gained 20% during the same period [1]