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 2nd transaction in the Information Services sector.
  • This is BlackRock’s 3rd 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 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 11 of 12
Sector: Information Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 10
Country: United Kingdom M&A 1 of 1
Year: 2024 M&A 2 of 3
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 SpiderRock Advisors

Chicago, Illinois, United States

SpiderRock Advisors is an asset management firm focused on providing customized option overlay strategies to advisors and institutions. SpiderRock Advisors was founded in 2013 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-03 HPS Investment Partners

New York, New York, United States

HPS Investment Partners is a global credit investment manager. HPS’s differentiated origination platform offers companies a wide range of bespoke financing solutions. HPS Investment Partners was formed in 2007 and is based in New York, New York.

Buy $12.0B