BlackRock’s Long Term Private Capital vehicle will announce its third acquisition next week, Sky News understands.
A private equity fund managed by the world’s biggest institutional investor is close to finalising the takeover of Aquila Heywood, a pensions software provider, in a deal that will trigger windfalls for its bosses.
Sky News has learnt that BlackRock’s Long Term Private Capital (LTPC) vehicle is in advanced talks to buy Aquila Heywood for a price that analysts said was likely to be in the region of £350m.
If completed, it would be the third acquisition made by the LPTC fund, which closed an initial public offering last month after raising nearly $3.5bn. In total, BlackRock now manages assets worth a staggering $8.67trn, making it easily the world’s largest fund manager.
Read more/Source: Sky News
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