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

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.

“Emerson has agreed to sell its remaining interest in the Copeland joint venture (formerly Emerson Climate Technologies) for approximately $\$ 3.3$ billion, with pre-tax cash proceeds of $\$ 3.4$ billion and the release of $\$ 1$ million of future indemnity obligations.”

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