BlackRock Acquires Global Infrastructure Partners, Founded by Adebayo Ogunlesi, in $12.5 Billion Deal
BlackRock, the world’s largest asset management company, has announced its acquisition of Global Infrastructure Partners (GIP), a firm established by Nigerian investment banker Adebayo Ogunlesi, in a deal valued at $12.5 billion. The transaction involves BlackRock paying $3 billion in cash and offering Ogunlesi and five other co-founders 12 million shares in BlackRock, establishing them…