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International Business Times
International Business Times
Business
Ann Resuma

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.

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