Deal announced Jul 2024 · St. Louis Verified
Blackstone PE to purchase Emerson's 40% Copeland stake; ADIA and GIC co-invest
Blackstone Private Equity funds will purchase Emerson's 40% common equity ownership in Copeland, with the Abu Dhabi Investment Authority and Singapore's GIC investing alongside Blackstone as part of the transaction.
“Private equity funds managed by Blackstone Private Equity will purchase Emerson's $40 \%$ common equity ownership in the joint venture, while Copeland will repurchase the seller's note.”
Entities
HVACRefrigeration
Source: ACHR News, Jul 2024, p.5 (OCR)
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