01.07.2024 03:31:48 - dpa-AFX: BlackRock To Acquire Preqin For About $3.2 Bln In Cash

WASHINGTON (dpa-AFX) - BlackRock Inc. (BLK) has agreed to acquire Preqin, an
independent provider of private markets data, for 2.55 billion pounds or
approximately $3.2 billion in cash.

The transaction is expected to close before year-end 2024, subject to regulatory
approvals and other customary closing conditions.

Private markets data is estimated to be an $8 billion total addressable market
and growing 12% per year, reaching $18 billion by 2030.

In 2024, Preqin is expected to generate about $240 million of highly recurring
revenue and has grown approximately 20% per year in the last three years.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
BLACKROCK CL. A DL -,01 928193 Frankfurt 729,800 02.07.24 15:46:25 -0,400 -0,05% 0,000 0,000 726,500 729,800

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