Blackstone (NYSE: BX) and Emerson (NYSE: EMR) announced that private equity funds managed by Blackstone have completed the previously announced acquisition of a majority stake in Emerson’s Climate Technologies business in a transaction valuing the business at $14.0 billion. This closing marks a significant milestone in the HVAC and refrigeration industry leader’s journey to advance the next generation of climate technologies.
RBC Capital Markets led the ABL revolver, TLB and Senior Secured Notes.
