BlackRock's Preqin Acquisition Faces CMA Scrutiny
Deal News | Dec 13, 2024 | EIN
BlackRock's acquisition of the UK-based data company Preqin, valued at approximately £2.55 billion ($3.22 billion), is under scrutiny by the UK's Competition and Markets Authority (CMA). Announced in June, the deal has raised concerns over potential market dominance and a reduction in competition in the UK market. The CMA is inviting comments from interested parties and has set a deadline of 12 February 2025 for its Phase 1 decision. The CMA has been active recently, examining high-profile deals including those involving Google and Apple, highlighting its focus on maintaining competition and preventing market monopolies.
Sectors
- Financial Services
- Data and Analytics
Geography
- United Kingdom – The CMA, a UK competition regulator, is involved, highlighting the geographic focus on the UK market and its regulatory environment.
Industry
- Financial Services – The article discusses BlackRock, an asset manager, acquiring Preqin, a UK data company. The financial services industry includes asset management and investment services.
- Data and Analytics – Preqin operates in the data and analytics sector, providing essential information for investment management, making this industry central to the article.
Financials
- 2.55 billion GBP – The deal value for BlackRock's acquisition of Preqin.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BlackRock | Acquirer | Company | BlackRock is the world's largest asset manager involved in the acquisition of Preqin. |
| Preqin | Target Company | Company | Preqin is a UK-based data company being acquired by BlackRock. |
| Competition and Markets Authority (CMA) | Regulatory Authority | Government | The CMA is the UK's competition regulator investigating the acquisition. |