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AZB & Partners Advised BlackRock on its Proposed Acquisition of Preqin for USD 3.2 billion

AZB & Partners advised BlackRock, Inc. on the Indian aspects of their proposed acquisition of 100% of Preqin Holding Limited and its subsidiaries, for a consideration of approximately USD 3.2 billion

Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing private markets data segment.

AZB’s comprised Senior Partner Ashwath Rau, Partner John Raghav, Associates Aditi Bhargava and Khooshmin Mirza. They were supported on employment law aspects by  Partner Ajay Singh Solanki and Senior Associate Devershi Mishra; on IP and data privacy aspects by  Partner Nandan Pendsey, Esq., Senior Associates Rashmee Kumar and Riddhi Tulshian; and on antitrust aspects by Partner Bharat V Budholia and Senior Associate Vayshnavi Ganesh.

Preqin empowers investors to make better decisions by providing data and insights that increase transparency and access across the global alternatives market. With a 20-year history, Preqin is a leading independent data solutions provider in private markets with global coverage of 190,000 funds, 60,000 fund managers and 30,000 private markets investors, reaching more than 200,000 users, including asset managers, insurers, pensions, wealth managers, banks, and other service providers. In 2024, Preqin is expected to generate ~$240 million of highly recurring revenue and has grown approximately 20% per year in the last three years.

With inputs from Blackrock’s press release.

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