M&A Deal Summary

BlackRock Acquires Preqin

On June 29, 2024, BlackRock acquired information services company Preqin for 3.2B USD

Acquisition Highlights
  • This is BlackRock’s 1st transaction in the Information Services sector.
  • This is BlackRock’s largest (disclosed) transaction.
  • This is BlackRock’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2024-06-29
Target Preqin
Sector Information Services
Buyer(s) BlackRock
Deal Type Add-on Acquisition
Deal Value 3.2B USD
Advisor(s) Goldman Sachs (Financial)
Macfarlanes (Legal)

Target

Preqin

London, United Kingdom
Preqin is a provider of data, insights and tools for alternative assets professionals around the globe. Preqin was founded in 2003 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

BlackRock

New York, New York, United States
Category Company
Founded 1988
Sector Financial Services
Employees19,800
Revenue 17.9B USD (2023)
DESCRIPTION
BlackRock office outside of Wilmington, Delaware.
BlackRock office outside of Wilmington, Delaware.

BlackRock is a provider of investment management, risk management, and advisory services for institutional and retail clients worldwide. BlackRock was founded in 1988 and is headquartered in New York City.

DEAL STATS #
Overall 10 of 10
Sector (Information Services) 1 of 1
Type (Add-on Acquisition) 8 of 8
Country (United Kingdom) 1 of 1
Year (2024) 3 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-02 Willow

Boston, Massachusetts, United States

Willow is a wealth tech platform that powers financial advisors' acquisition, growth, and retention of tomorrow's investors. Through the company's education, coaching, and marketing platform, advisors gain the knowledge, skills, and tools needed to acquire and better serve modern clients and align their financial plans with their values. Willow is based in Boston, Massachusetts.

Buy -
Mergr

Product

Company

Legal