Preqin, Blackrock and Competition and Markets Authority
UK Competition Watchdog Looks Into $3.32 Billion Blackrock-Preqin Deal
(Reuters) - Britain's competition regulator said on Tuesday it was considering whether asset management firm BlackRock's 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market.
U.K. competition authority requests comments on BlackRock's planned acquisition of Preqin
In an investor presentation at the time of the deal announcement, BlackRock said Preqin was a “premier private markets data provider,” with an expected about $240 million in annual recurring revenue in 2024. Its customer base is split across LPs, GPs and service providers, and it has more than 4,000 relationships.
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9don MSN
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