BlackRock has agreed to purchase investment software company eFront from private equity firm Bridgepoint in a $1.3bn deal. The deal is expected to close by the end of this year.
BlackRock has agreed to purchase investment software company eFront from private equity firm Bridgepoint in a $1.3bn deal. The acquisition will help drive BlackRock’s growth in technology and illiquid alternatives, said BlackRock CEO, Laurence D Fink.