The facts in this briefing are sourced from an SEC EDGAR Form 8-K filed and published on January 12, 2024. The transaction's current status is pending regulatory review.
On the financial advisory side, Perella Weinberg Partners served as lead financial advisor to BlackRock, the acquirer. Evercore served as lead financial advisor to GIP, the target.
Legal counsel was split by side, with each side retaining two firms. For BlackRock, Skadden, Arps, Slate, Meagher & Flom and Fried, Frank, Harris, Shriver & Jacobson LLP both acted as legal counsel. For GIP, Kirkland & Ellis LLP and Debevoise & Plimpton LLP both acted as legal counsel.
The facts block confirms this is a cash-and-stock acquisition, but does not specify the precise mix or ratio of cash to stock consideration, the exchange ratio for any stock component, or any other structural terms of the transaction.
Several material facts are not disclosed. The transaction's dollar value is explicitly stated as not disclosed in the source document. No expected closing date is given, and the specific cash and stock consideration split is not disclosed beyond the general subtype characterization.