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Exit · Closed Jul 2024

Emerson to sell remaining Copeland interest to Blackstone PE for ~$3.3B

Relationship map

Relationship map for Emerson to sell remaining Copeland interest to Blackstone PE for ~$3.3Bparent ofBlackstone (BXPE): Pe FirmBBBlackstone (BXPE)Copeland: PlatformCopeland
Pe FirmPlatform

Parties

Acquirer
Blackstone (BXPE)
Pe Firm
Target
Copeland
Platform

Market signals

Summary

Emerson agreed to sell its remaining 40% common equity interest in the Copeland joint venture (formerly Emerson Climate Technologies) for approximately $3.3 billion. Blackstone Private Equity funds will purchase the stake, with ADIA and GIC investing alongside.