private equity funds managed by Blackstone /
Climate Technologies business
Blackstone funds take majority stake in Emerson climate business
- Price
- $14.0bn
- Stage
- Closed
What happened
Private equity funds managed by Blackstone purchased a majority stake in Emerson Electric Co.'s Climate Technologies business in a $14.0 billion transaction. Emerson received cash proceeds and a note, while retaining a 40 percent common equity interest in the joint venture.
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Blackstone funds take majority stake in Emerson climate business
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Closed · private equity funds managed by Blackstone and Climate Technologies business: majority stake (Closed, published 2 Jun 2023).
Published 2 Jun 2023- Published by the source
Deal Web as a list
- Blackstone (Backer of the buyer) backed this deal. Blackstone: 6 deals on Carrywatch.
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