A very interesting deal was announced in Oct where Blackstone GX has decided to acquire 55% of Emerson’s climate technologies business unit as part of a spin-out transaction. $14B deal with Emerson to retain 45% of the new standalone company.
https://www.blackstone.com/news/press/emerson-to-sell-majority-stake-in-climate-technologies-to-blackstone-in-transaction-valuing-the-business-at-14-0-billion/
From a post-merger integration perspective, how would you describe the difference in approach for a private equity spin-off deal vs. a merger transaction (with another organization?). Also, what are your thoughts on the deal?