Big Law Firms Guide $12.5 Billion BlackRock Infrastructure Deal (1)

BlackRock will purchase Global Infrastructure Partners (GIP), for $12.5 billion, the firm announced Friday. Four Big Law firms advised on the deal.

Skadden, Arps, Slate, Meagher & Flom and Fried, Frank, Harris, Shriver & Jacobson advised BlackRock on the deal.

Kirkland & Ellis and Debevoise & Plimpton advised GIP.

The deal, which consists of $3 billion of cash and approximately 12 million shares of BlackRock common stock, will make BlackRock one of the largest infrastructure investors. GIP manages $100 billion in assets, including airports and oil pipelines. The transaction is BlackRock’s largest since it bought Barclays Global Investors for $13.5 ...