M&A - BlackRock, Inc.

Form Type: 8-K

Filing Date: 2025-07-01

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525153573

Filing Summary: On July 1, 2025, BlackRock, Inc. completed the acquisition of 100% of the business and assets of HPS Investment Partners, a global credit investment manager. This acquisition involved the delivery of approximately 8.5 million units of BlackRock Saturn Subco, LLC to former equityholders of HPS, with these units being fully exchangeable into shares of BlackRock's common stock on a 1:1 basis with customary adjustments. Additionally, restricted stock units (RSUs) were issued to HPS employees under specific vesting conditions. The transaction agreement allows for the issuance of more Subco Units in roughly five years, contingent on achieving certain performance milestones. Potentially, if all conditions are met, up to approximately 13.8 million shares of common stock may be issued, including about one million shares relating to RSUs. A press release detailing the closing of the acquisition was also issued on the same date and is attached as an exhibit to this report.

Form Type: DEF 14A

Filing Date: 2025-04-04

Corporate Action: Acquisition

Type: New

Accession Number: 000130817925000388

Filing Summary: BlackRock, Inc. is a global asset manager with a workforce of approximately 21,100 employees as of December 31, 2024. The company achieved record net inflows of $641 billion and an increase of $1.5 trillion in assets under management (AUM) in 2024. Key acquisitions include Global Infrastructure Partners and Preqin, alongside a planned acquisition of HPS Investment Partners, aimed to enhance BlackRock's capabilities in private markets and data. The firm emphasized a strong capital return strategy, balancing dividends with share repurchases, returning $4.7 billion to shareholders in 2024. The Board of Directors is integral to governance and strategic execution. The upcoming Annual Meeting of Shareholders is scheduled for May 15, 2025, where shareholders will vote on director elections and compensation for named executive officers, among other proposals.

Form Type: DEFA14A

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525068204

Filing Summary: On March 31, 2025, BlackRock, Inc. filed a DEFA14A proxy statement detailing the company's strategy to democratize investing and expand access to private markets. The document highlights BlackRock's recent acquisitions aimed at enhancing their capabilities in private credit and infrastructure markets. Notably, they acquired Global Infrastructure Partners to tap into the booming global infrastructure investment demand projected to reach $68 trillion by 2040. BlackRock’s expansion into private markets reflects their belief that the capital markets will become a primary source of finance alongside traditional banks and corporations. The report emphasizes the need for innovation to reduce barriers for individual investors and increase participation in high-value investment opportunities. Larry Fink's letter to investors expressed a commitment to unlocking private markets to ensure more people can invest and participate in economic growth, while reiterating the importance of stability and transparency in such investments.

Form Type: 8-K

Filing Date: 2025-03-03

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525044184

Filing Summary: On March 3, 2025, BlackRock, Inc. announced the completion of its acquisition of Preqin Holding Limited for an enterprise value of £2.55 billion (approximately $3.2 billion). The acquisition was executed through a wholly owned subsidiary of BlackRock, which acquired 100% of Preqin's shares in cash. The funding for this acquisition was sourced from a previous offering of $2.5 billion in senior notes and available cash. A press release detailing this acquisition is attached as Exhibit 99.1 to this 8-K filing.