Helix will be fully integrated into BlackRock Solutions, a unit of BlackRock that offers a broad range of tools and services designed to help institutions understand and manage their capital markets exposures and risks. The acquisition of Helix further expands the commercial real estate capabilities of BlackRock Solutions, including its financial markets advisory group practice.
Craig Phillips, MD and global head of the financial markets advisory group in BlackRock Solutions, said: “We look forward to integrating Helix’s professionals into our modeling, advisory, valuation and loan workout practice in order to provide enhanced and superior service to our clients holding complex commercial real estate exposures.
“In addition to valuable industry relationships and asset class experience, Helix has unique technology, data and intellectual capital that will supplement our present commercial real estate analytics and workout capabilities.”
Kevin Donlon, co-founder and managing partner of Helix, said: “Helix recognized that we needed a partner to accommodate the growing needs of our clients. In addition to facilitating the broader dissemination of our risk technology to clients, our affiliation with BlackRock will allow us to extend underwriting, valuation and asset management services to our clients on a fully integrated basis.
“At present, the considerable stress in commercial real estate valuations has created substantial client demand for the full range of our services.”
