BlackRock to Acquire Preqin for £2.55 Billion in Strategic Tech Integration

Pieter Gunst01 mins

In a significant transaction within the asset management sector, BlackRock is set to acquire UK-based private markets data provider Preqin for £2.55 billion. Skadden, Arps, Slate, Meagher & Flom and Macfarlanes are leading the advisory efforts on this deal. This acquisition will integrate Preqin’s tools with BlackRock’s Aladdin technology solutions platform, with the transaction expected to finalize before the end of 2024. For more details, visit the full article on Law.com.