The regulator, which launched the probe in December over competition concerns, confirmed on Wednesday that it will not escalate the merger to a further in-depth investigation.

BlackRock announced the deal in June last year, positioning the acquisition as a strategic move to enhance its investment technology capabilities and expand its footprint in the private-markets data sector.

The CMA had initially expressed concerns that the acquisition could limit competition in the UK’s financial data industry. However, after a thorough review, the regulator determined there were no significant risks that warranted additional scrutiny.

With the regulatory hurdle cleared, BlackRock is set to integrate Preqin into its growing private-markets business, strengthening its data and analytics offerings in an increasingly competitive investment landscape.

Source: Morningstar

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