BlackRock

growth-positive

BlackRocks Global Infrastructure Partners (GIP) has acquired a 49.99% stake in Enis Carbon Capture, Utilization and Storage (CCUS) business, Eni CCUS Holding. This acquisition is part of Enis strategy to attract capital for growth while maintaining cash flow for shareholder distribution. The partnership aims to accelerate the development of large-scale European CCUS projects, including those in the UK and Netherlands, and potentially expand further. This move aligns with Enis energy transition goals and BlackRocks focus on decarbonization and infrastructure investment.

growth-positive

CyberArk has been acquired by Palo Alto Networks for $25 billion, marking a significant event for its major shareholders, including BlackRock, Fidelity, Wellington Management, and Thoma Bravo. Despite its $21.5 billion valuation on Nasdaq, Israeli institutional investors hold less than 1% of CyberArks shares, with Clal Insurance being the only significant Israeli stakeholder. Clal Insurance increased its investment significantly over the past six months, recognizing CyberArk as a leader in cybersecurity. The acquisition of Venafi by CyberArk, focusing on machine-to-machine cybersecurity, was a key factor in Clals investment decision. This acquisition is seen as pivotal for Palo Alto Networks in the AI era.

growth-positive

Rob Kapito, the founder and president of BlackRock, visited Israel and declared that the next decade will be a golden age for investments. He emphasized that there are $18-20 trillion in short-term deposits and money market funds. When this money starts to flow into the market, it will significantly impact the financial landscape. Kapito also discussed his solution to the U.S. deficit and highlighted the importance of investing in comfort. The article underscores the potential for substantial market growth driven by the reallocation of these funds.

growth-positive

US investment firm BlackRock is set to acquire Kreos Capital, a private debt manager with significant activity in Israel, for an estimated $400 million. The deal, which is expected to close in Q3 2023, will see Kreos 45-person team join BlackRock and integrate into its European Private Debt platform. Kreos co-founder and general partner Raoul Stein will remain in his position. The acquisition is part of BlackRocks strategy to provide clients with a diverse range of private market investment products and solutions.