International Companies

BlackRock to snap up HPS in $12bn deal

By Abigail Townsend

Date: Tuesday 03 Dec 2024

(Sharecast News) - Wall Street giant BlackRock has agreed to acquire HPS Investment Partners in a $12bn deal, it was announced on Tuesday.
New York-based HPS, which has around $148bn in client assets, is a specialist in private credit, a core growth market for BlackRock.

Under the term of the...

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