WebOct 31, 2024 · Emerson to Sell Majority Stake in Climate Technologies to Blackstone in Transaction Valuing the Business at $14.0 Billion Transformative Step in Emerson’s … WebEmerson Process Management, an Emerson company, is the world's leading supplier of products, services, and solutions for improving the performance of any process. …
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WebOct 31, 2024 · On October 31, 2024, private equity firm The Blackstone Group acquired business services company Emerson Climate Technologies from Emerson for 14.0B USD. This is The Blackstone Group’s 14th transaction in the Business Services sector. This is The Blackstone Group’s 7th largest (disclosed) transaction. WebOct 31, 2024 · Davis Polk is advising Emerson on the sale of a majority stake in its Climate Technologies business to funds managed by Blackstone in a transaction valuing Climate Technologies at $14 billion. Emerson will receive upfront, pre-tax cash proceeds of approximately $9.5 billion while retaining a non-controlling ownership interest in a new ... is the pink lake in australia safe to swim in
Emerson sells controlling stake in Climate Technologies business
Web1 day ago · The transaction will be financed with cash and liquidity, including the $8 billion post-tax proceeds from the majority sale of Climate Technologies to Blackstone … WebFeb 14, 2024 · Climate Technologies has more than 1,400 research and development professionals and spends more than $100 million annually developing next-gen … WebOct 31, 2024 · The $14 billion Blackstone Inc.-led deal for Emerson Electric Co.’s climate technologies arm is an anachronism amid a dearth of deals — especially leveraged transactions. But it probably... is the pink lake still pink