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. Kramer Levin and Simmons & Simmons acted as counsel to BlackRock in the transaction, which was initially announced on March 22.