BlackRock has entered into an agreement to acquire Infraestructura Institucional, a Mexican infrastructure investment firm, for an undisclosed amount.
Infraestructura Institucional invests across a broad range of infrastructure projects in Mexico and manages approximately US$1 billion of invested and committed capital.
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Upon closing, BlackRock’s infrastructure investment platform will manage more than US$7 billion of invested and committed assets and more than 80 employees located in six offices globally. The firm’s Mexico office will grow to more than 50 employees and US$26 billion of assets under management.
“As our clients’ demand for high quality infrastructure assets continues to grow, we believe that Mexico presents a rapidly evolving investment opportunity for institutional investors globally,” says Jim Barry, global head of BlackRock Infrastructure Investment Group.
The transaction is subject to regulatory approvals and is expected to close by the end of the fourth quarter of 2015. The financial impact of the transaction is not material to BlackRock earnings per share.
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