The Competition Commission of India (CCI) has given the green light for the acquisition of Global Infrastructure Management, LLC (GIM) by BlackRock Funding, Inc. (BFI).
Details of the Acquisition:
- Entities Involved: The transaction involves BlackRock Funding, Inc. acquiring 100% of the limited liability company interests in Global Infrastructure Management, LLC.
- BFI Overview: BlackRock Funding, Inc. is a newly established subsidiary, wholly owned by BlackRock Inc., which does not engage in any independent activities.
- BlackRock Inc.: BlackRock is a prominent U.S.-based publicly traded company that offers global investment management, risk management, and advisory services to both institutional and retail clients. It manages assets for investors around the world.
- GIM Overview: Global Infrastructure Management, headquartered in New York City, is an independent infrastructure fund manager. It manages various investment funds under the Global Infrastructure Partners (GIP Funds) brand.
This acquisition marks a significant expansion of BlackRock’s portfolio, positioning it more robustly in the global infrastructure investment sector.
