BlackRock Nears Deal To Acquire Private Credit Manager HPS

BlackRock Is Near Deal to Buy Private Credit Manager HPS
BlackRock Inc. is nearing a deal to buy HPS Investment Partners, a purchase that would vault the firm into the top ranks of private credit as it seeks to become a major force in alternative assets.
BlackRock has deal to buy private credit manager HPS, FT reports
BlackRock has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday. The final deal value would be closer to $12 billion, which offers a significant premium over HPS's post-IPO valuation of $10 billion,
BlackRock nears $12bn HPS acquisition deal
The acquisition may be announced soon after the Thanksgiving holiday, as per sources familiar with the matter.
BlackRock nears $12bn acquisition of private credit behemoth HPS
BlackRock is diversifying away from its core business, index investing and ETFs, seeking to build its fee-generation capacity
BlackRock Near Deal to Buy HPS for Close to $12 Billion, FT Says
BlackRock Inc. is close to an agreement to buy private credit group HPS Investment Partners, as the world’s largest asset manager tries to compete in the fast-growing alternatives space, the Financial Times reported.
BlackRock Nears Deal To Acquire Private Credit Manager HPS: Report
BlackRock had a verbal agreement to acquire a private credit manager, HPS Investment Partners. The deal was first reported by the Financial Times, stating that the value of the deal would be closer to $12 billion. This would give HPS a higher premium as compared to a post-IPO scenario, which would only give it a valuation of $10 billion.
BlackRock Set To Acquire Private Credit Manager HPS For $12B: Report
BlackRock, the world's largest asset manager with $11.5 trillion in assets, is finalizing a deal to acquire HPS Investment Partners, a prominent private credit firm managing nearly $150 billion.
BlackRock to strike deal for private credit manager HPS - reports
BlackRock has a deal in place to acquire private credit manager HPS Investment Partners, as the world’s largest asset manager seeks to continue its expansion of its alternative investment division.
BlackRock in preliminary deal to acquire HPS for about $12B, FT reports
EST BlackRock (BLK) in preliminary deal to acquire HPS for about $12B, FT reportsDon't Miss our Black Friday Offers:Unlock your investing
BlackRock has deal to buy private credit manager HPS: report
BLACKROCK has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday (Nov 27). Read more at The Business Times.
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BlackRock: HPS Acquisition Would Boost Private Market Capabilities; No Change to Valuation
We were not too surprised to see news break this week that wide-moat rated BlackRock could be close to acquiring HPS, an early entrant into the private credit market that had $148 billion in ...
BlackRock has deal to buy private credit manager HPS
BlackRock has a handshake deal to buy HPS Investment Partners, as the world’s largest asset manager looks to bolster its alternative investment business with the addition of one of the biggest private ...