BlackRock buying credit investment manager HPS Investment Partners in approximately $12 billion deal
BlackRock is buying credit investment manager HPS Investment Partners in a stock deal valued at about $12 billion, giving it more ways to service its insurance clients
BlackRock expanding in private credit, buys HPS Investment Partners for $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space. The transaction also creates "an integrated private credit franchise" with about $220 billion in assets,
BlackRock Acquires Private Credit Manager HPS for $12 Billion
Key Takeaways BlackRock is acquiring HPS Investment Partners in a deal valued at roughly $12 billion.The move to buy HPS is the asset management giant's latest push into the growing world of private credit.
BlackRock’s $12 billion purchase of HPS gives firm a bigger chunk of red-hot private credit market
BlackRock has clinched its third big acquisition this year. The world’s largest asset manager is buying HPS Investment Partners in a $12 billion all stock bid to create a leading global credit manager.
BlackRock to acquire HPS and create private credit franchise
BlackRock and HPS Investment Partners have agreed for BlackRock to acquire HPS for approximately $12bn, with 100% of the consideration paid in BlackRock equity.
BlackRock Scoops Up HPS Investment Partners In $12 Billion Deal
BlackRock has agreed to acquire HPS Investment Partners for nearly $12 billion but the deal has not yet been approved by government agencies.
BlackRock to Acquire HPS Investment Partners for $12 Billion in Equity Deal
In a $12 billion all-equity deal, BlackRock (BLK, Financials) is going to buy HPS Investment Partners, a worldwide credit investment manager. BlackRock's purchase seeks to enhance its private credit products and link them with its $3 trillion public fixed-income platform,
BlackRock acquires HPS Investment Partners for $12bn
HPS is a global credit investment manager with approximately $148bn in client assets; BlackRock expects the private debt market to more than double to $4.5tn by 2030.
BlackRock’s HPS deal seals Netflix-like strategy
BlackRock , oddly enough, is looking a lot more like a streaming service. The index-fund goliath agreed to buy private lender HPS for $12 billion, to get its hands on the hottest new content to push through its formidable pipes.
BlackRock to acquire HPS Investment Partners in $12B deal
BlackRock (BLK) is set to buy private credit manager HPS Investment Partners in an all-stock deal valued at $12 billion, continuing the asset manager's M&A push this year. BlackRock previously acquired Global Infrastructure Partners for $12.
BlackRock Buys Credit Firm HPS in $12 Billion All-Stock Deal
BlackRock Inc. agreed to buy HPS Investment Partners in an all-stock deal valued at roughly $12 billion, a purchase that will propel the world’s largest asset manager into the highest ranks of private credit.
HPS Offers Incentives to Retain Staff After Sale to BlackRock
HPS Investment Partners is offering employees grants that vest over five years to encourage them to stay on after being ...
BlackRock is on the verge of making a bigger bet on Wall Street's hottest trade
BlackRock is close to making a $12 billion acquisition that would take it deeper into the world of private credit.