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BLACKROCK INC

(BLK)
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BlackRock : Completes Acquisition of eFront -- Industry Leading Alternatives Investment Software Provider

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05/10/2019 | 06:01am EDT

Combination of Aladdin and eFront Sets New Standard in Investment Management Technology

BlackRock, Inc. (NYSE:BLK) has completed the acquisition of eFront, the world’s leading end-to-end alternative investment management software and solutions provider. The combination of eFront with Aladdin will set a new standard in investment and risk management technology, vastly expanding Aladdin’s alternatives capabilities and providing a whole-portfolio technology solution to clients.

“As more investors incorporate alternatives into their portfolios, the ability to seamlessly manage portfolios across public and private asset classes on a single platform is critical,” said Rob Goldstein, Chief Operating Officer of BlackRock. “eFront will extend Aladdin’s end-to-end processing capabilities in alternative asset classes, enabling clients to get an enterprise view of their portfolio. We are excited to welcome eFront’s 700 employees to BlackRock as we continue to offer eFront as its own platform and enrich its value proposition with Aladdin analytics. BlackRock and eFront share the same vision of making alternatives less alternative and will work together towards that objective.”

“Aladdin has long been recognized as the best-in-class unified investment and risk management technology platform in the industry,” said Tarek Chouman, Chief Executive Officer of eFront. “Joining BlackRock, adopting its user-provider model and integrating with Aladdin means that our investor, fund administrator and fund manager clients will benefit from constantly elevated standards and innovative product features."

About eFront

Founded in 1999, eFront is based in Paris and is the leading technology provider for managing the alternatives investment lifecycle, from due diligence and portfolio planning, to performance and risk analysis, across a range of alternative asset classes. eFront’s solutions serve investors in the private equity, real estate investment, banking, and insurance sectors.

About Aladdin

Aladdin has always been at the core of BlackRock. It combines sophisticated risk analytics, exposure and performance analyses with comprehensive portfolio management, trading, compliance and operational tools on a single unified platform. Aladdin was first built to manage BlackRock’s business, and the firm continues to be the largest user of Aladdin today. Through Aladdin, the firm offers to clients the same technology and intellectual capital that BlackRock uses to manage investments day-to-day. BlackRock's unique user/provider model brings a practitioners perspective to Aladdin.

About BlackRock

BlackRock helps investors build better financial futures. As a fiduciary to our clients, we provide the investment and technology solutions they need when planning for their most important goals. As of March 31, 2019, the firm managed approximately $6.52 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.


© Business Wire 2019
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Financials (USD)
Sales 2019 14 269 M
EBIT 2019 5 479 M
Net income 2019 4 311 M
Finance 2019 1 468 M
Yield 2019 3,27%
P/E ratio 2019 14,8x
P/E ratio 2020 13,3x
EV / Sales2019 4,42x
EV / Sales2020 4,05x
Capitalization 64 499 M
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 523,00  $
Last Close Price 407,25  $
Spread / Highest target 39,2%
Spread / Average Target 28,4%
Spread / Lowest Target 11,2%
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Managers
NameTitle
Laurence Douglas Fink Chairman & Chief Executive Officer
Robert Steven Kapito President & Non-Independent Director
Robert L. Goldstein Chief Operating Officer & Senior Managing Director
Gary S. Shedlin Chief Financial Officer & Senior Managing Director
Derek N. Stein Global Head-Business Operations & Technology
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