Blackrock, Inc. · NYSE:BLK
Blackrock — Merger or Acquisition (June 2024)
11 slides from Blackrock's merger presentation, Jun 30, 2024
Slide 1: Acquisition of Preqin
Investor Presentation June 30, 2024 Acquisition of Preqin
Slide 2: Forward looking statements
Forward looking statements This presentation, and other statements that BlackRock may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to BlackRock’s future financial or business performance, strategies or expectations, inc
Slide 3: Transforming BlackRock private markets, technology and data
Transforming BlackRock private markets, technology and data BlackRock to acquire Preqin for £2.55B (approximately $3.2B) in cash Increasing Enables first end-to-end provider in the private markets, with BlackRock access to private delivering capabilities across investments, technology and data marke
Slide 4: Growth of alternatives sector expected to drive increasing demand for private markets data
Growth of alternatives sector expected to drive increasing demand for private markets data Significant demand for alternatives projected Against this growth backdrop, the private over the next decade…1 markets landscape has a clear need for more Alternatives AUM, $T 14% and new types of data… $39T C
Slide 5: BlackRock's vision for the evolution of private markets
BlackRock’s vision for the evolution of private markets Private markets can be difficult to access Private markets move closer to the center and incorporate into portfolios at scale of portfolios for both institutional and wealth Standard data with broad industry adoption, No common data, standard c
Slide 6: Preqin overview
Preqin overview Preqin is a leading independent provider of private Highly diversified customer base markets data1 Premier private markets data provider with ~$240M in annual recurring revenue expected in 20242 30% 28% 2023 ARR5 Comprehensive global coverage of 190,000 funds, 60,000 fund managers an
Slide 7: Advancing BlackRock's private markets capabilities at the intersection of data, technology and investments
Advancing BlackRock’s private markets capabilities at the intersection of data, technology and investments Highly compelling growth levers Strong BlackRock track record of integrating and scaling acquisitions1 Further accelerates core strategy of Aladdin to offer the most comprehensive whole portfol
Slide 8: Opportunities for significant growth synergies
Opportunities for significant growth synergies Leverage Build a more Integrate data Indexing and Harness the combined reach comprehensive and workflow efficient access combined scale to infuse data fund and into a unified to private of BlackRock across the deal-level platform to markets and Preqin i
Slide 9: Long-term value creation for BlackRock shareholders
Long-term value creation for BlackRock shareholders Consideration1 • Total consideration of £2.55B (approximately $3.2B) in cash at closing • Transaction to be funded by up to $3B of incremental debt, and available cash • Expect Debt/EBITDA ratio to increase to ~1.4x2 Indicative • Acquired business
Slide 10: End notes
End notes These notes refer to the financial metrics and/or defined term presented on: Slide 3 – Transforming BlackRock private markets, technology and data: BlackRock to acquire Preqin for £2.55B, approximately $3.2B, in cash 1. Source: Preqin and BlackRock; desktops based on number of users. Data
Slide 11: Important notes
Important notes The opinions expressed herein are as of June 2024 and are subject to change at any time due to changes in the market, the economic or regulatory environment or for other reasons. The information should not be construed as research or relied upon in making investment decisions or be u