BlackRock, Inc. announces the closing of its acquisition of private debt manager Kreos Capital
- BlackRock strengthens its position as a global credit asset manager
- No negative takes found
The acquisition of Kreos adds to BlackRock’s position as a leading global credit asset manager and advances its ambitions to provide clients with a diverse range of private market investment products and solutions.
Kreos’
To read the initial acquisition announcement from June 8th 2023, please click here.
Moelis & Company acted as exclusive financial adviser and Goodwin Procter London provided legal advice to Kreos Capital. Skadden, Arps, Slate, Meagher & Flom provided legal advice to BlackRock.
The financial impact of the transaction is not material to BlackRock earnings.
About BlackRock
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.
About Kreos Capital
Kreos Capital is the leading venture and growth debt provider in
View source version on businesswire.com: https://www.businesswire.com/news/home/20230802176595/en/
Media
EMEA
Venetia Varney
+44 7776 496863
venetia.varney@blackrock.com
Christopher Beattie
+1 (646) 231-8518
christopher.beattie@blackrock.com
Investor Relations
Caroline Rodda
+1 (212) 810-3442
Caroline.Rodda@blackrock.com
Source: BlackRock
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