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New Deal


Announced

Completed

BlackRock completed the acquisition of the remaining stake in SpiderRock Advisors.

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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asset management

wealth management

United States

Asset Managers and Custodians

Acquisition

Majority

Private

Private Equity

Domestic

Friendly

Single Bidder

Completed

Synopsis

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BlackRock, an American multinational investment company, completed the acquisition of the remaining stake in SpiderRock Advisors, an asset management firm. Financial terms were not disclosed. “We are excited to partner with BlackRock and broaden access to innovative option management solutions. Together, we aim to empower more advisors in delivering tailored option overlay strategies to their clients,” Eric Metz, SpiderRock Advisors President and Chief Investment Officer.

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