BlackRock to acquire a 30% stake in AirFirst from IMM Private Equity for $860m.

BlackRock, a private equity firm, agreed to acquire a 30% stake in AirFirst, an industrial gasses company, from IMM Private Equity, a private equity firm, for $860m. BlackRock competed with three other shortlisted bidders — KKR, Canada-based Brookfield and CVC Capital — to buy the AirFirst shares up for grabs.