The Strategist

Blackstone buys stake in Emerson Electric for $9.9B



11/01/2022 - 08:49



According to The Wall Street Journal, the investment firm Blackstone has decided to purchase a stake in Emerson Electric, a subsidiary that offers goods and services for heating and cooling in both commercial and residential settings.



The Blackstone Group
The Blackstone Group
The deal is anticipated to get an official announcement within a day.

A 55% interest in the relevant Emerson Electric subsidiary, which the investment company valued at $14 billion, will be purchased by Blackstone as part of the arrangement.

According to the WSJ, Blackstone will spend $9.9 billion on the share acquisition, making it the biggest private equity deal to occur in the American market in recent months.

Blackstone plans to cover $4.4 billion of the cost out of its own resources and the remaining $5.5 billion through the issuance of new loans.

source: wsj.com

 




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