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06/13/2019 | Press release | Distributed by Public on 06/13/2019 05:31

Simmons & Simmons and Kramer Levin Represent BlackRock in its Acquisition of eFront

You are here:News Simmons & Simmons and Kramer Levin Represent BlackRock in its Acquisition of eFront

13 Jun 2019


On May 10, 2019, BlackRock, Inc., announced that it has completed its $1.3 billion acquisition of eFront (excluding settlement of eFront's outstanding debt). Based in France, eFront is the world's leading end-to end alternative investment management software and solutions provider, with more than 700 clients in 48 countries. In addition to offering eFront as its own platform, BlackRock will integrate eFront with Aladdin, its existing investment platform, the combination of which will offer the industry's most comprehensive 'whole portfolio' investment operating platform. Simmons & Simmons and Kramer Levin acted as counsel to BlackRock in the transaction, which was initially announced on March 22.