Transaction Highlights

Client: Blackstone

Type: M&A

Value: US $14 billion

RBC's role: Lead left arranger and Bookrunner

On October 31, 2022, Emerson Electric Company announced it will sell a majority stake in its climate technologies unit to Blackstone in a deal that values it at $14 billion. Emerson will receive an upfront payment of about $9.5 billion, which it will use towards M&A, especially in the automation segment. Emerson will retain a 45% stake in the climate tech unit, and Blackstone along with co-investors Abu Dhabi Investment Authority and GIC, will contribute $4.4 bilion in equity towards the deal, which will be supplemented by $5.5 billion of debt financing. 

RBC acted as lead left arranger on the Term Loan A and Bookrunner on the ABL supporting Blackstone’s acquisition.

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