M&A Deal Summary

BlackRock Acquires SpiderRock Advisors

On May 1, 2024, BlackRock acquired financial services company SpiderRock Advisors

Acquisition Highlights
  • This is BlackRock’s 3rd transaction in the Financial Services sector.
  • This is BlackRock’s 5th transaction in the United States.
  • This is BlackRock’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-05-01
Target SpiderRock Advisors
Sector Financial Services
Buyer(s) BlackRock
Deal Type Add-on Acquisition

Target

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.

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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 8 of 10
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 7 of 9
State (Illinois) 1 of 1
Country (United States) 5 of 6
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-14 Clarity AI

Madrid, Spain

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-29 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.

Buy $3.2B
Mergr

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