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 was the Lead Left Arranger on the Term Loans and Bookrunner on the Senior Secured Notes.
