M&A Deal Summary

BlackRock Acquires Clarity AI

On January 14, 2021, BlackRock acquired information technology company Clarity AI

Acquisition Highlights
  • This is BlackRock’s 2nd transaction in the Information Technology sector.
  • This is BlackRock’s 1st transaction in Spain.

M&A Deal Summary

Date 2021-01-14
Target Clarity AI
Sector Information Technology
Buyer(s) BlackRock
Deal Type Add-on Acquisition

Target

Clarity AI

Madrid, Spain
Clarity AI is a provider of sustainability analytics and data science platform. Clarity AI is based in Madrid, Spain.

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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 20.4B USD (2024)
DESCRIPTION
BlackRock office outside of Wilmington, Delaware.
BlackRock office outside of Wilmington, Delaware.

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


DEAL STATS #
Overall 7 of 12
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 6 of 10
Country: Spain M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Aperio Group

Sausalito, California, United States

Aperio Group LLC designs and manages highly customized public equity portfolio solutions in separately managed accounts to meet the specific goals of advisors and their clients, specializing in three practice areas: Active Tax Management, Factor Tilts, and Socially Responsive Indexing/ESG. Through advanced processes, investor-focused portfolio construction research, and sophisticated technology, Aperio offers a level of customization unmatched in the industry. Aperio Group LLC was founded in 1999 and based in Sausalito, California.

Buy $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Avalara

Seattle, Washington, United States

Avalara provides a suite of cloud-based solutions designed to improve accuracy and efficiency by automating the processes of determining taxability, identifying applicable tax rates, determining and collecting taxes, preparing and filing returns, remitting taxes, maintaining tax records, and managing compliance documents. Avalara was formed in 2004 and is based in Seattle, Washington.

Buy $8.4B