KKR in talks to divest liquid cooling provider CoolIT
Type: Sale · Technology: Data Center · Country: null · Value: $3B · Announced: 2026-03-09
KKR is exploring a divestment of CoolIT Systems in a deal potentially exceeding $3 billion. The company, acquired by KKR in 2023, specializes in advanced liquid cooling solutions.
Analysis
KKR is reportedly seeking to divest CoolIT Systems for over $3 billion, a move that comes just three years after the global investment firm acquired the data center liquid cooling specialist in 2023. This quick potential flip by a firm known for its infrastructure investments suggests a rapid appreciation in value for advanced cooling solutions. CoolIT, which designs and manufactures these critical systems for data centers, is already attracting multiple potential bidders in the early stages of the process. The reported price tag underscores the premium placed on essential infrastructure supporting the expanding data center landscape.
Key points
- KKR's potential divestment of CoolIT Systems for over $3 billion.
- The global investment firm acquired CoolIT just three years prior, in 2023.
- CoolIT designs and manufactures advanced liquid cooling for data centers.
- Multiple potential bidders are already earmarked for the early-stage process.
Counterparties
- CoolIT Systems (Parent Company)
- KKR (Seller)