GIC – BSIC | Bocconi Students Investment Club

Blackstone, ADIA & GIC’s acquisition of Emerson’s climate branch

Download PDF Introduction On the 31st of October 2022, Emerson [EMR: NYSE] announced a definitive agreement under which it would sell a majority stake in its Climate Technologies company to private equity funds managed by Blackstone [BX: NYSE] in a deal valued at $14bn. Emerson will keep a non-controlling ownership Read more…

By BSIC, 3 years13 November 2022 ago

Corporate Finance

Singapore’s Sovereign Wealth Fund acquires majority stake in Sani/Ikos Group

Download PDF Introduction On September 22th Singapore’s sovereign wealth fund GIC announced it would acquire a majority stake in the Mediterranean luxury resorts operator Sani/Ikos Group. The transaction, which values the group at €2.3bn, is expected to close in the fourth quarter, subject to customary regulatory approval. This is the Read more…

By BSIC, 3 years9 October 2022 ago