Market Chatter: Blackstone Secures Loan to Support Flow Control Acquisition
MT Newswires Live
18 hours ago
Blackstone (BX) has secured a loan to help fund its acquisition of a controlling stake in data center cooling firm, Flow Control, from Audax Private Equity, Bloomberg reported Friday, citing a source familiar with the matter.
UBS has been tasked to provide the loan, the report said, adding that the loan is expected to launch in the coming weeks.
Blackstone and UBS did not immediately reply to a request for comment from MT Newswires.
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