Transaction Highlights

Client: Blackstone

Type: M&A

Value: US $14 billion

RBC's role: Blackstone

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.

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