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BlackRock takeover puts infrastructure fund's founders in line for huge payday
BLKBlackRock(BLK) The Guardian·2024-01-12 14:06

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 ...