Global fund house BlackRock has acquired the assets of the US-based Helix Financial Group, which has operations in India, for an undisclosed amount.
Helix Financial provides advisory, valuation and analytics solutions to commercial real estate lenders and investors.
The transaction, which would strengthen the commercial real estate presence of BlackRock, closed on January 15, BlackRock said in a statement today.
Helix Financial has an office in Gurgaon and employees about 100 people.
Post-deal, Helix Financial would be fully integrated into BlackRock Solutions, a unit of the fund house that offers a range of tools and services to institutions to manage their capital markets exposures and risks.
"Helix currently employs 120 professionals, with its US-based staff augmented by off-shore staffing in Gurgaon, India," the statement noted.
Craig S Phillips, who is the managing director and global head of the financial markets advisory group in BlackRock Solutions, said integrating Helix Financial's technology, data and intellectual capital would supplement Blackrock's commercial real estate analytics and workout capabilities.