Establishes Local Infrastructure Investment Capabilities in Mexico
NEW YORK & MEXICO CITY--(BUSINESS WIRE)--
BlackRock, Inc. (NYSE: BLK) has entered into a definitive agreement to
acquire Infraestructura Institucional, Mexico’s leading independently
managed, infrastructure investment firm, expanding BlackRock’s
infrastructure capabilities in Mexico and deepening the Company’s
presence in the country.
The agreement builds upon BlackRock’s existing $6 billion global
infrastructure platform and strengthens the Firm’s long-standing Mexico
business. The acquisition will fully enable BlackRock to deliver to its
local and international clients the compelling infrastructure
opportunities emerging in Mexico. Upon closing, BlackRock’s
infrastructure investment platform will manage more than $7 billion of
invested and committed assets and over 80 employees located in 6 offices
globally. The Firm’s Mexico office will grow to over 50 employees and
$26 billion of assets under management.
Infraestructura Institucional is a leading investor across a broad range
of infrastructure projects in Mexico and manages approximately $1
billion of invested and committed capital. The team has extensive
experience investing across infrastructure project types in Mexico
including transportation, energy and social infrastructure.
“As our clients’ demand for high quality infrastructure assets continues
to grow, we believe that Mexico presents a rapidly evolving investment
opportunity for institutional investors globally,” said Jim Barry,
global head of BlackRock Infrastructure Investment Group. “Adding the
Infraestructura Institucional team will enhance BlackRock’s ability to
deliver previously untapped investment opportunities in Mexico to our
local and international clients,”
“This acquisition advances BlackRock’s growth strategy in Mexico and
Latin America and builds upon our well-established track record in the
region,” said Armando Senra, head of the Latin America & Iberia Region
at BlackRock. “Mexico is well-positioned for long-term economic growth
and we are excited to further expand our presence in the country.”
The transaction is subject to regulatory approvals and is expected to
close by the end of the fourth quarter of 2015. The financial impact of
the transaction is not material to BlackRock earnings per share. Terms
were not disclosed.
About BlackRock
BlackRock is a leader in investment management, risk management and
advisory services for institutional and retail clients worldwide. At
March 31, 2015, BlackRock’s AUM was $4.774 trillion. BlackRock helps
clients meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions®. Headquartered in New York City, as of March 31, 2015, the
firm had approximately 12,300 employees in more than 30 countries and a
major presence in key global markets, including North and South America,
Europe, Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company’s website at www.blackrock.com
| Twitter: @blackrock_news | Blog: www.blackrockblog.com
| LinkedIn: www.linkedin.com/company/blackrock
BlackRock Latin America
BlackRock has $109 billion of AUM in Latin America, including $25
billion in Mexico, with 100+ employees dedicated to Latin America with
offices in Mexico, Brazil, Chile and Colombia. The firm’s Mexico office
consists of a 27 person team who deliver the firm’s institutional and
wealth clients a comprehensive range of local and international
investment solutions and risk management services.
BlackRock Infrastructure
As of March 31, 2015, BlackRock’s Infrastructure platform manages more
than $6 billion in invested and committed assets in debt and equity
strategies. The platform provides investors with infrastructure equity
and debt investments via funds, co-investments, managed accounts and
multi manager strategies. The team of investment professionals is based
in New York, London, Dublin, Paris and Zurich.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150612005330/en/
Media Relations
BlackRock, Inc.
Brian Beades,
212-810-5596
brian.beades@blackrock.com
Source: BlackRock, Inc.