On March 3, 2025, BlackRock, Inc. (BLK, Financial) announced the successful completion of its acquisition of Preqin Holding Limited, a prominent independent provider of private markets data. The acquisition, valued at approximately £2.55 billion (or $3.2 billion based on the GBP/USD exchange rate as of December 31, 2024), was executed through one of BlackRock's wholly owned subsidiaries.
The transaction was financed using the proceeds from BlackRock's recent $2.5 billion senior notes offering, supplemented by available cash reserves. This strategic move is expected to significantly bolster BlackRock's capabilities in the private markets sector, providing enhanced data resources and insights for its clients.
The acquisition of Preqin aligns with BlackRock's ongoing strategy to expand its data and analytics offerings, further solidifying its position as a leader in the asset management industry. The integration of Preqin's comprehensive data services is anticipated to deliver substantial value to BlackRock's clients, offering deeper insights into private market investments.
For more detailed insights and analysis on this acquisition, visit GuruFocus.com.
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