Who Needs Counterparties? Not Blackstone

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

In private equity, it's good to be king.

Blackstone has struck a deal with Emerson Electric to buy a controlling stake in its climate technologies business. The sizable leveraged buyout cuts against the grain of Wall Street's new reality and speaks volumes about how Blackstone sees the real estate market, the debt market, and its own power in both.

Continue reading


Source Fool.com