BlackRock to buy Aperio

By: Miguel A. Rodriguez

12:06, 24 November 2020

BlackRock secures its spot in the investment management services

BlackRock – the world's largest asset manager started the week with a significant deal in its hands.

The asset manager announced that it would buy Aperio Group LLC from the private equity firm Golden Gate Capital. For the subsidiary, BlackRock will pay $1.05 billion in cash. The deal, which will be funded by corporate liquidity, will be closed in the first three months of 2021.

"The wealth manager's portfolio of the future will be powered by the twin engines of better after-tax performance and hyper-personalization. BlackRock and Aperio, working together, will bring unmatched capabilities to meet these objectives."

After this deal, BlackRock expects its SMA (separately managed account) assets to increase 30%, exceeding $160 billion. Aperio Group will be work as a separate brand, but at the same time, will be part of BlackRock's US Wealth Advisory business. Aperio is specialized in building and managing personalized public equity portfolios.

Following the news, BlackRock stock price went up 1.51%.


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This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided.