HPS, BlackRock

BlackRock Has Deal to Buy Private Credit Manager HPS, FT Reports
(Reuters) - BlackRock has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday. The final deal value would be closer to $12 billion, which offers a significant premium over HPS's post-IPO valuation of $10 billion, the report said, citing two sources familiar with the matter.
BlackRock Nears Deal To Acquire Private Credit Manager HPS: Report
BlackRock had a verbal agreement to acquire a private credit manager, HPS Investment Partners. The deal was first reported by the Financial Times, stating that the value of the deal would be closer to $12 billion. This would give HPS a higher premium as compared to a post-IPO scenario, which would only give it a valuation of $10 billion.
BlackRock in preliminary deal to acquire HPS for about $12B, FT reports
BlackRock (BLK) has a handshake deal to buy HPS Investment Partners, FT reports. The two sides have hashed out a broad outline of the deal, and
BlackRock has deal to buy private credit manager HPS: report
BLACKROCK has a handshake deal to buy private credit group HPS Investment Partners, the Financial Times reported on Wednesday (Nov 27). Read more at The Business Times.
BlackRock Near Deal to Buy HPS for Close to $12 Billion, FT Says
BlackRock Inc. is close to an agreement to buy private credit group HPS Investment Partners, as the world’s largest asset manager tries to compete in the fast-growing alternatives space, the Financial Times reported.

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