Private Equity: BlackRock's Global Infrastructure Partners Close To $38 Billion Takeover Of Major Utility AES

As noted in January 2024 when BLK bought GIP: 

I'm telling ya, this is a big deal. Not just for the $12.5 billion purchase price but for the $100+ billion in assets that GIP manages. 

From Reuters, September 30:

BlackRock's GIP nears $38 billion takeover of utility group AES, FT reports 

BlackRock-owned (BLK.N), Global Infrastructure Partners (GIP) is nearing a $38 billion deal, inclusive of debt, to acquire utility group AES (AES.N), the Financial Times reported on Tuesday, citing people briefed on the matter.

Utilities benefit from a surge in power demand driven by artificial intelligence and data centres, prompting companies and investors across the board to strike deals with them. 

Talks between GIP and Virginia-based AES were at an advanced stage, although they could still fall through, according to the FT report.

 

Reuters could not immediately confirm the report....

....MUCH MORE 

In premarket action AES is up  $1.83 (+13.91%) at $14.99.

One more self-reverential referential snippet, this time from May 2025's "Infrastructure: Blackstone Is Buying An Electric Utility (BX; TXNM)"
This is something we will see more of, private equity in regulated utilities. It's hard to asset-strip the darn things due to said regulators but boy-oh-boy do they cash flow. Just ask Warren Buffet....