Global Infrastructure SherpaKKR planning sale of data centre liquid cooling company CoolIT Systems for over $3 billion
Private equity firm KKR is working with advisers to sell CoolIT Systems, a data centre liquid cooling company, for more than $3 billion. KKR has owned CoolIT Systems since 2023 and is capitalizing on the surging demand for AI cooling technology in data centers. The deal is currently in its early stages with several potential buyers being considered.
Counterparts (4)
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- KKR seeks over $3 billion for CoolIT Systems.
- Sale initiated just three years after KKR acquired CoolIT in 2023.
- CoolIT Systems specializes in direct liquid cooling for HPC and data centers.
- Mubadala Investment Company holds a minority stake.
Source Intelligence
KKR has owned CoolIT Systems since 2023. Quote: "KKR is among the largest private equity firms in the country. It acquires companies, develops them and sells them at a profit, and that seems to be exactly what it is doing with CoolIT Systems right now which it has owned since 2023." CoolIT Systems is the leader in liquid cooling technology designed for AI servers and high-powered cloud computing systems. Quote: "CoolIT Systems is the leader in liquid cooling technology designed for AI servers and high-powered cloud computing systems." KKR has over $637 billion in assets under management. Quote: "KKR is a huge firm with over $637 billion in assets under management."
"The private equity giant KKR is working with advisers to sell CoolIT Systems"
"to sell CoolIT Systems, a data centre liquid cooling company"
"KKR is working with advisers to sell CoolIT Systems"
"several buyers are already being considered"
Timeline
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