Report: BlackRock-HPS Talks Accelerate on Possible $12B Deal

BlackRock is reportedly in advanced talks to acquire HPS Investment Partners as it seeks to expand its presence in the private credit space, Bloomberg reported October 31, citing people with knowledge of the discussions.

The news follows reports earlier in the month that BlackRock and CVC Capital Partners were among those interested in acquiring the private credit firm, which has also been considering an IPO. According to Bloomberg’s latest report, BlackRock is now the lone suitor, and HPS would seek a premium on its approximately $11B post-IPO valuation, meaning an acquisition could cost as much as $12B.

Both sides hope to reach an agreement by the end of the year, Bloomberg reported, though HPS could still ultimately opt for an IPO or sale of a minority stake should the talks fail.

Source: https://finance.yahoo.com/news/blackrock-talks-buy-private-credit-233135507.html

Written By: Dakota

Related Content

M&G to Acquire Majority Stake in Euro Private Credit Firm P Capital
February 06, 2025

Ramirez AM Acquires $500M PC Strategy Team, Funds from Avenue Capital
January 13, 2025

Nassau Financial Secures $200M Investment from Golub Capital
January 09, 2025

Mesirow Expands Private Credit Capabilities with Bastion Acquisition
January 06, 2025

MetLife IM to Acquire PineBridge from Pacific Century for $1.2B
January 02, 2025

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Report: BlackRock-HPS Talks Accelerate on Possible $12B Deal

Subscribe

Related Content

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company