BlackRock, Inc. (NYSE: BLK) announced Tuesday that the investment management company acquired Helix Financial Group LLC, a commercial real estate advisory firm, according to Associated Press.
The financial terms of the deal were not disclosed, but the company did say that the transaction will close Jan. 15.
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AllBridge Investments, an affiliate of Allied Capital Corp. (NYSE: ALD), was most recently the lead stake holder in Helix Financial.
Helix will be integrated into BlackRock Solutions, a unit of the company that helps institutions manage capital markets exposures and risks. Since its founding in 2004, Helix Financial, which has 120 employees, has underwritten more than $100 billion in commercial real estate loans.
Shares of BlackRock Inc. rose $1.52, or 0.64 percent, to $239.61 Tuesday.
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