BlackRock to acquire 100% stake in alternative investment platform

BlackRock has made a binding offer and entered into an agreement to acquire 100% of the equity interests in eFront, an end-to-end alternative investment management software and solutions provider, from private equity firm Bridgepoint and eFront employees, for $1.3bn in cash. The combination of eFront with Aladdin, BlackRock's investment operating platform used by more than 225 institutions around the world, will set a new standard in investment and risk management technology. eFront, which serves more than 700 clients in 48 countries, is a comprehensive technology solution for managin...