Skadden, Arps, Slate, Meagher & Flom and Macfarlanes are acting as lead advisors in asset management giant BlackRock’s £2.55 billion acquisition of U.K.-based private markets data provider Preqin.

The transaction, which will see the New York-headquartered buyer unite Preqin’s tools with its own technology solutions platform Aladdin, is expected to close before the end of 2024, according to a statement.

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