BlackRock, Microsoft, Global Infrastructure Partners (GIP), and MGX have unveiled the Global AI Infrastructure Investment Partnership (GAIIP), a strategic collaboration aimed at building the infrastructure necessary to meet the rising demand for artificial intelligence (AI) computing. This initiative seeks to unlock $100 billion in investment potential, starting with an initial $30 billion of private equity […]
BlackRock, Inc. (NYSE: BLK), a global leader in investment management, has announced a significant acquisition of Preqin, an independent provider of private markets data, for a hefty sum of £2.55 billion (approximately $3.2 billion) in cash. This strategic move is set to enhance BlackRock’s data and research capabilities, positioning it as a frontrunner in private […]
BlackRock, Inc. (NYSE: BLK), the world’s largest asset manager, announced its agreement to acquire the remaining equity interest in SpiderRock Advisors, a premier provider of customized option overlay strategies in the United States wealth market. This move not only enhances BlackRock’s existing minority stake acquired in 2021 but also significantly bolsters its capabilities in offering […]
BlackRock, Inc. (NYSE: BLK), a leading financial institution, and Global Infrastructure Partners (GIP), a prominent independent infrastructure fund manager, have jointly announced a monumental agreement. BlackRock will acquire GIP for a total consideration of $3 billion in cash and approximately 12 million shares of BlackRock common stock. This acquisition marks a significant step in the […]
American investment management company BlackRock and India-based Jio Financial Services Limited (JFS) have come together to form Jio BlackRock, a 50:50 joint venture. The partnership aims to provide tech-enabled access to affordable and innovative investment solutions to millions of investors across India. This strategic alliance merges BlackRock’s expertise in investment management, risk management, and access […]
Aditya Birla Capital Limited (ABCL), the holding company for the financial services businesses of the Aditya Birla Group, has wrapped up an impressive fundraise of Rs 3,000 crores, marking a new milestone in the company’s journey. The funds were raised through a Qualified Institutional Placement (QIP) of equity shares for Rs 1,750 crores, as well […]
Kering Beauté, a French luxury group, has inked an agreement to acquire all shares of luxury fragrance house Creed, currently under the control of BlackRock Long Term Private Capital Europe and Chairman Javier Ferrán. Established in 1760 by James Henry Creed, the House of Creed stands as a major independent player in the global high-end […]
Tata Power said that its subsidiary Tata Power Renewable Energy Limited (TPREL) has secured the second and final round of investment of INR 2,000 crores from GreenForest New Energies Bidco Limited. (GreenForest) and has Following the investment, Tata Power Renewable Energy has allotted 20,00,00,000 compulsorily convertible preference shares (CCPS) at a face value of INR […]
American food tech company GrubMarket has bagged $200 million in a Series E funding round that has taken its valuation to more than $1.2 billion. The financing round saw the participation of Tiger Global Management, Liberty Street Funds, funds and accounts managed by BlackRock, Japan Post Capital, Apeira Capital, We Capital, Celtic House Asia Partners, […]
WeWork SPAC merger : New York-based office space and workspace solutions provider WeWork has agreed to merge with BowX Acquisition, a special purpose acquisition company (SPAC), in a deal that values the former at around $9 billion. The merger will enable WeWork to become a publicly listed company, while getting nearly $1.3 billion of cash […]