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Emerson finalizes sale of remaining interests in Copeland to Blackstone

PUBLIC · BXJun 06, 2024

Acquiring Company

Blackstone

Acquired Company

Emerson Electric

New YorkSt. LouisFinancial ServicesReal EstateFinanceReal Estate InvestmentManufacturingEnergyOil And Gas

Description

Emerson has announced the sale of its remaining interests in Copeland to Blackstone. This strategic move marks Emerson's exit from its investment in Copeland and emphasizes Blackstone's further expansion in the industry.

Quick answer

Blackstone is acquiring Emerson Electric, announced June 6, 2024. Blackstone is based in New York, New York, United States.

How much did Blackstone pay for Emerson Electric?
The deal value was not disclosed.
What does Blackstone do?
Blackstone is one of the world's leading investment firms.
Where are Blackstone and Emerson Electric based?
Blackstone is based in New York, New York, United States. Emerson Electric is based in St. Louis, Missouri, United States.
Who are the decision-makers at Blackstone?
Fundz holds 4 contacts at Blackstone. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Blackstone

Location

345 Park Avenue

New York, New York, United States

About

Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone. SOURCE Simplilearn Solutions Private Limited

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Frequently asked

Who acquired Emerson Electric?

Emerson Electric was acquired by Blackstone, based in New York. The deal was reported on June 6, 2024. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.

When did Blackstone acquire Emerson Electric?

Blackstone's acquisition of Emerson Electric was reported on June 6, 2024. Emerson has announced the sale of its remaining interests in Copeland to Blackstone. This strategic move marks Emerson's exit from its investment in Copeland and emphasizes Blackstone's further expansion in the industry. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Emerson Electric do?

Emerson Electric Co is a diversified global technology and engineering company. The company provides solutions for customers in industrial, commercial, and consumer markets. Emerson is known for its automation solutions and software capabilities. It is publicly traded (EMR), operating in Manufacturing, and is based in St. Louis.

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