On the Record · BlackRock Finance
BlackRock Finance acquisitions, on the record
The businesses BlackRock Finance bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Aperio Group, LLCWord for word“On February 1, 2021, the Company acquired 100% of the equity interests of Aperio Group, LLC (the “Aperio Transaction” or “Aperio”), a pioneer in customizing tax-optimized index equity separately managed accounts (“SMAs”) for approximately $1.1 billion in cash, using existing cash resources.” 10-K for 2021 | acquisition | February 1, 2021 | approximately $1.1 billion in cash |
Baringa Partners’ Climate Change Scenario ModelWord for word“In June 2021, the Company completed the acquisition of Baringa Partners’ Climate Change Scenario Model, which has been integrated into BlackRock’s Aladdin Climate technology, and will enhance Aladdin Climate’s capabilities and analytics.” 10-K for 2021 | acquisition | June 2021 | — |
Rhodium Group’s climate risk modelsWord for word“In October 2021, the Company completed the acquisition of Rhodium Group’s climate risk models related to the physical risks associated with climate change, which will enhance BlackRock’s modeling of climate change and evolve its offering to meet changing industry and client needs.” 10-K for 2021 | acquisition | October 2021 | — |
Tennenbaum Capital PartnersWord for word“net AUM from the acquisitions of Tennenbaum Capital Partners in August 2018 (“TCP Transaction”) and the asset management business of Citibanamex in September 2018 (“Citibanamex Transaction”)” 10-K for 2021 | acquisition | August 2018 | — |
Citibanamex asset management businessWord for word“net AUM from the acquisitions of Tennenbaum Capital Partners in August 2018 (“TCP Transaction”) and the asset management business of Citibanamex in September 2018 (“Citibanamex Transaction”)” 10-K for 2021 | acquisition | September 2018 | — |
equity infrastructure franchise of First ReserveWord for word“AUM acquired in the acquisition of the equity infrastructure franchise of First Reserve (“First Reserve Transaction”) in June 2017” 10-K for 2021 | acquisition | June 2017 | — |
minority interest in DSP BlackRock Investment Managers Pvt. Ltd.Word for word“(a) net AUM from the acquisitions of Tennenbaum Capital Partners in August 2018 (“TCP Transaction”) and the asset management business of Citibanamex in September 2018 (“Citibanamex Transaction”), (b) AUM reclassifications and net dispositions related to the transfer of BlackRock’s UK Defined Contribution Administration and Platform business to Aegon N.V. in July 2018 (“Aegon Transaction”), (c) net AUM dispositions related to the sale of BlackRock’s minority interest in DSP BlackRock Investment Managers Pvt. Ltd. to the DSP Group in August 2018 (“DSP Transaction”), and (d) net AUM from the acquisition of Aperio Group, LLC (“Aperio Transaction”) in February 2021.” 10-K for 2022 | divestiture | August 2018 | — |
eFrontWord for word“In 2019, BlackRock acquired eFront, a leading end-to-end alternative investment management software and solutions provider to enable clients to manage portfolios and risk across public and private asset classes on a single platform.” 10-K for 2022 | acquisition | In 2019 | — |
Kreos CapitalWord for word“In August 2023, BlackRock completed the acquisition of Kreos Capital, a provider of growth and venture debt financing to companies in the technology and healthcare industries (the "Kreos Transaction"). ” 10-K for 2023 | acquisition | In August 2023 | — |
Global Infrastructure Management LLC (Global Infrastructure Partners, GIP)Word for word“In January 2024, BlackRock announced that it had entered into a definitive agreement to acquire 100% of the business and assets of GIP, a leading independent infrastructure fund manager, for $3 billion in cash and approximately 12 million shares of BlackRock common stock.” 10-K for 2023 | agreed acquisition | In January 2024 | $3 billion in cash and approximately 12 million shares of BlackRock common stock |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $30 million | $14 million |
| 2017-12-31 | $102 million | $121 million |
| 2018-12-31 | $699 million | $316 million |
| 2019-12-31 | $1.51 billion | $1.04 billion |
| 2020-12-31 | $0 | — |
| 2021-12-31 | $1.11 billion | $810 million |
| 2022-12-31 | $0 | $0 |
| 2023-12-31 | $189 million | $184 million |
Deal filings since 2016
- 2024-07-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-05-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-05-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-12-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-01-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-04-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-03-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-04-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-05-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-04-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-03-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from BlackRock Finance’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-23. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.