US EditionKKR Eyes Multibillion-Dollar Sale of CoolIT Systems, FT Reports
KKR and Mubadala seek to capitalize on CoolIT's more than $300 million annual revenue amid rising AI data center demand, targeting a sale exceeding $3 billion.
6 Articles
6 Articles
KKR eyes multibillion-dollar sale of CoolIT Systems: report
Private equity firm KKR is working with advisers on a sale of data center cooling company CoolIT Systems for a price tag potentially exceeding $3 billion, the Financial Times reported on Sunday, citing people familiar with the matter.
The U.S. private capital giant KKR seeks to multiply by 10 the investment in the potential multimillion dollar sale of a decades-old company that...
KKR mulls exit from data centre cooling specialist CoolIT
Private investment major KKR is exploring a potential multibillion-dollar sale of data centre cooling provider CoolIT Systems, aiming to capitalise on surging demand for artificial intelligence infrastructure, according to a report by the Financial Times. The report cites unnamed people familiar with the matter as revealing that the firm has begun working with advisers on a possible sale of the business. Any transaction could value the company a…
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