BlackRock to Acquire Software Firm eFront for $1.3 Billion Cash
22 Marzo 2019 - 8:08AM
Noticias Dow Jones
By Michael Dabaie
BlackRock (BLK) said Friday it would acquire eFront from private
equity firm Bridgepoint and eFront employees for $1.3 billion in
cash.
EFront is an alternative investment management software and
solutions provider which serves more than 700 clients in 48
countries.
The eFront transaction will be funded with a combination of
existing corporate liquidity and debt. While minimally dilutive to
earnings per share, the transaction won't be dilutive on a cash
basis, BlackRock said.
The Wall Street Journal reported earlier that BlackRock was in
advanced talks to buy the French software firm.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
March 22, 2019 09:53 ET (13:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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