Kirkland Advises GIP on Acquisition by BlackRock to Create a World-Leading Infrastructure Private Markets Investment Platform with Over $150 Billion AUM

Kirkland & Ellis counseled Global Infrastructure Partners (GIP), a leading independent infrastructure fund manager, on its agreement to be acquired by BlackRock, Inc. (NYSE: BLK) for a total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock. The combination of GIP with BlackRock’s highly complementary infrastructure offerings creates a best-in-class global infrastructure franchise with differentiated origination and asset management capabilities. The combined platform, which will manage over $150 billion assets under management (AUM), will deliver clients market-leading, holistic infrastructure expertise across equity, debt and solutions at substantial scale.

Read GIP and BlackRock's combined press release
 
The Kirkland team was led by asset management M&A partners Daniel Lavon-Krein and Christopher Gandia; corporate partners Melissa Kalka, Andy Calder, Doug Bacon, Stephen Noh, Kate Willson and Rami Totari; capital markets partner Julian Seiguer; and tax partners Stephen Butler and Joseph Tootle.