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New Deal


Announced

Completed

BlackRock completed the acquisition of Kreos Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Cross Border

Majority

Single Bidder

Private

Friendly

United Kingdom

venture capital

Venture Capital

Private Equity

Completed

Synopsis

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BlackRock, a multi-national investment company, completed the acquisition of Kreos Capital, a venture and growth debt provider. Financial terms were not disclosed. "Over the past 20 years, BlackRock has built leading private debt capabilities to help clients achieve a variety of investment goals by aligning proven investment excellence with long term market opportunities. The Kreos team has built a world class investment process and delivered for clients through multiple cycles. Coupled with our expectation that growth and venture lending will figure prominently in the expansion of the global direct lending opportunity set going forward, we believe this is an opportune time to welcome the Kreos team to BlackRock,” James Keenan, BlackRock CIO and Global Head of Private Credit.

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