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M&AClosedPress / newsJanuary 12, 2024

Global Infrastructure Partners (GIP) — world's largest independent infrastructure fund with 19+ GW operational renewables, 173 GW in construction/development

BlackRock's largest acquisition in over a decade. $3B cash + ~12M BlackRock shares. GIP manages ~$115B in infrastructure AUM. Combined platform branded 'GIP, a part of BlackRock' with ~$170B infrastructure AUM. Closed October 1, 2024.

$12.50B

Deal Value

19,000MW

Capacity

Solar + Storage

Technology

Multi-state

Location

Project: Global Infrastructure Partners (GIP)Asset profile →

Deal Details

Deal Type
Corporate M&A
Seller / Sponsor
Global Infrastructure Partners
Buyer / Financier
BlackRock
Deal Value
$12.5B
Stage
Mixed (Operating + Construction + Development)
ISO/RTO
Multiple
Source
BlackRock

Capital Structure

$12.5B

Total transaction value

Equity$12.5B100%

Tranches

Cash Consideration · BlackRock
$3.00B
BlackRock Common Stock (~12M shares) · BlackRock
$9.50B

Service Providers

Advisory & Legal

Buyer Financial Advisor
Perella Weinberg Partners
Seller Financial Advisor
Evercore

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