Weerawong C&P acted as Thai legal counsel to Blackstone (BX), the world’s largest alternative asset manager, in relation to the
proposed acquisition of a majority stake in Emerson Electric Co. (EMR)’s Climate Technologies
business in several jurisdictions having a transaction value of USD 14 billion. Under the
transaction, BX will acquire a 55% common equity interest in the standalone Climate Technologies
business and EMR will retain a 45% common equity stake. The transaction involves assets in several
jurisdictions, including Thailand. The deal was signed on 31 October 2022 and is expected to close
in the first half of 2023, subject to regulatory approvals and customary closing
conditions.
The Weerawong C&P team is led by Vipavee Kaosala, Partner
and Siregran Sakuliampaiboon, Counsel, and includes associates Punyisa Intarapracha, Sawaporn
Sophanodora, Pannatat Kocharin, Tasha Tiensilakul and Kejmanee Trongkamolthum.