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Jun 11, 2019 · The BlackRock-BGI deal was "a game changer because it showed the industry what real scale can achieve with the successful merging of active and passive management...
Jun 11, 2019 · Staff at the San Francisco headquarters of Barclays Global Investors had little idea in early 2009 that BlackRock was about to become their new employer. In April that year, Barclays had accepted a $4.4bn offer from UK buyout firm CVC Capital Partners to acquire BGI’s exchange traded funds division.
Jan 12, 2024 · Why it matters: This appears to be the richest acquisition ever of a private equity firm, even if BlackRock views GIP as more of an infrastructure owner/operator than a traditional PE shop. It's also BlackRock's biggest deal since 2009, when it paid $13.5 billion for Barclays Global Investors.
- Dan Primack
Jun 12, 2009 · BlackRock Inc. said on Thursday it will buy British bank Barclays Plc's investment arm BGI for $13.5 billion in a blockbuster deal that will create the world's biggest asset manager.
May 17, 2013 · The BGI merger, which brought with it the iShares ETF business, more than doubled BlackRock's asset base and turned it into the largest asset manager in the world.
- Strategist
Jun 24, 2009 · BlackRock hopes for big benefits from BGI being released from Barclays and having freer rein to sell its funds.
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Jun 15, 2009 · Thursday, mutual fund leader BlackRock announced that it was in talks to buy BGI in a deal which would value the indexing giant at around $13.5 billion, and create a combined corporate umbrella...
