BlackRock, to Acquire Private Debt Manager Kreos Capital; Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
BlackRock Inc. (NYSE:BLK) has announced a definitive agreement to acquire Kreos Capital, a leading provider of growth and venture debt financing to technology and healthcare companies. The acquisition will strengthen BlackRock's position as a global credit asset manager and expand its private market investment offerings.
June 08, 2023 | 9:00 am
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BlackRock's acquisition of Kreos Capital will strengthen its position as a global credit asset manager and expand its private market investment offerings.
The acquisition of Kreos Capital will enhance BlackRock's position as a leading global credit asset manager and provide clients with a diverse range of private market investment products and solutions. This is likely to have a positive impact on BlackRock's stock price in the short term as it demonstrates growth and expansion in the company's offerings.
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