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BlackRock, Inc. announces the closing of its acquisition of Private Debt Manager Kreos Capital

By 04/08/2023August 8th, 2023No Comments

London – August 2nd, 2023 – BlackRock Inc. (NYSE: BLK) announces today the completion of its acquisition of Kreos, a leading provider of growth and venture debt financing to companies in the technology and healthcare industries.

The acquisition of Kreos adds to BlackRock’s position as a leading global credit asset manager and advances its ambitions to provide clients with a diverse range of private market investment products and solutions.

Kreos’ London-based 45-person team will integrate into BlackRock’s European Private Debt platform as of August 7th and current Kreos leadership will continue to be responsible for executing on existing investment strategies.

To read the initial acquisition announcement from June 8th 2023, please click here.

Moelis & Company acted as exclusive financial adviser and Goodwin Procter London provided legal advice to Kreos Capital. Skadden, Arps, Slate, Meagher & Flom provided legal advice to BlackRock.

The financial impact of the transaction is not material to BlackRock earnings.

 

About BlackRock

 BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate

About Kreos Capital

 Kreos Capital is the leading venture and growth debt provider in Europe and Israel, backing high-growth companies through every stage of their lifecycle. Kreos targets investments in all areas of the Technology and Healthcare sectors, and, to date, has committed €5.2 billion in more than 750 transactions, across 19 countries.

Contacts:

Media
EMEA

Venetia Varney

+44 7776 496863

venetia.varney@blackrock.com

 

Mayya Nikolaeva

+33 6 01 92 20 39

Mayya.Nikolaeva@blackrock.com

Investor Relations

 Caroline Rodda

+1 (212) 810-3442

Caroline.Rodda@blackrock.com