Deals
BlackRock to Buy Risk Platform EFront in $1.3 Billion Wager
- Deal expands BlackRock’s private equity, real estate analytics
- EFront also helps bolster BlackRock’s Aladdin risk platform
Pedestrians walk past BlackRock headquarters in New York.
Photographer: Bess Adler/BloombergThis article is for subscribers only.
BlackRock Inc., the world’s biggest money manager, agreed to acquire French software provider eFront to expand private equity and real estate analytics for clients.
BlackRock will acquire 100 percent of the equity interest in eFront for $1.3 billion in cash, the company said in a statement Friday.