BlackRock’s $1.05 Billion Acquisition of Aperio Group

Kramer Levin advised BlackRock on the deal.

BlackRock, Inc. has entered into a definitive agreement to acquire Aperio Group LLC, a pioneer in customizing tax-optimized index equity separately managed accounts, from Golden Gate Capital for $1.05 billion. The deal is expected to close in the first quarter of 2021.

BlackRock, Inc. provides investment management services to institutional clients and to retail investors through various investment vehicles. The Company manages funds, as well as offers risk management services.

The Kramer Levin team advising BlackRock was led by Corporate partner Ernest S. Wechsler (Picture) and special counsel Seth R. Merl, and included associates Max Tierman and Jeruska Lugo Sánchez; Corporate partners Kevin P. Scanlan and George M. Silfen, special counsel Darina F. Delappe, and associates David Yanvarashvili and Nicholas Tarnowski; Technology and IP Transactions partner Harry Rubin, associates Katherine S. Jeffery and Karolina Ebel; Litigation partner Alan R. Friedman and associate Eric H. Rosoff; Privacy Counsel Samantha V. Ettari; Tax partner Barry Herzog and counsel Jay Geiger; Employment Law partner Robert N. Holtzman, and associates Sarah Hanson and Emily M. Wajert; and Executive Compensation and Employee Benefits partner Marissa J. Holob and associate Sumaya Ullah Restagno.

Involved fees earner: Darina Delappe – Kramer Levin Naftalis & Frankel LLP; Karolina Ebel – Kramer Levin Naftalis & Frankel LLP; Samantha Ettari – Kramer Levin Naftalis & Frankel LLP; Alan Friedman – Kramer Levin Naftalis & Frankel LLP; Jay Geiger – Kramer Levin Naftalis & Frankel LLP; Sarah Hanson – Kramer Levin Naftalis & Frankel LLP; Barry Herzog – Kramer Levin Naftalis & Frankel LLP; Marissa Holob – Kramer Levin Naftalis & Frankel LLP; Robert Holtzman – Kramer Levin Naftalis & Frankel LLP; Katherine Jeffery – Kramer Levin Naftalis & Frankel LLP; Jeruska Lugo Sánchez – Kramer Levin Naftalis & Frankel LLP; Seth Merl – Kramer Levin Naftalis & Frankel LLP; Eric Rosoff – Kramer Levin Naftalis & Frankel LLP; Harry Rubin – Kramer Levin Naftalis & Frankel LLP; Kevin Scanlan – Kramer Levin Naftalis & Frankel LLP; George Silfen – Kramer Levin Naftalis & Frankel LLP; Nicholas Tarnowski – Kramer Levin Naftalis & Frankel LLP; Max Tierman – Kramer Levin Naftalis & Frankel LLP; Sumaya Ullah Restagno – Kramer Levin Naftalis & Frankel LLP; Emily Wajert – Kramer Levin Naftalis & Frankel LLP; Ernest Wechsler – Kramer Levin Naftalis & Frankel LLP; David Yanvarashvili – Kramer Levin Naftalis & Frankel LLP;

Law Firms: Kramer Levin Naftalis & Frankel LLP;

Clients: BlackRock;

Author: Ambrogio Visconti