BlackRock (BLK) is in advanced discussions to acquire HPS Investment Partners, having emerged as the only suitor in active talks for the private-credit firm, Bloomberg’s Dinesh Nair, Swetha Gopinath, Aaron Kirchfeld, and Davide Scigliuzzo report. Both sides are aiming to reach a deal by the end of this year, the authors say, citing people with knowledge of the discussions. HPS could potentially take the IPO route or sell a minority interest if the parties fail to agree on valuation, the authors note.
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