Deal Details
KKR Acquires CoolIT
Summary
KKR recently completed the acquisition of CoolIT Systems (“CoolIT” or the “Company”).
Baird served as exclusive financial advisor to KKR on this transaction.
About
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR is investing in CoolIT through its Global Impact strategy, which is focused on identifying and investing behind opportunities where financial performance and societal impact are intrinsically aligned. KKR is headquartered in New York, New York.CoolIT is a leading provider of scalable liquid cooling solutions for the world’s most demanding computing environments. The Company’s patented Split-Flow Direct Liquid Cooling technology is designed to improve equipment reliability and lifespan, decrease operating cost, lower energy demand and carbon emissions, reduce water consumption and allow for higher server density than legacy air-cooling methods. CoolIT partners with global customers across the data center market, including the enterprise, high-performance computing, and cloud service provider segments, as well as in the desktop computing market. CoolIT is headquartered in Calgary, Alberta.
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- Date
- July 2023
- Company
- KKR
- Transaction
- M&A - Buyside
- Sectors
- Industrial
- Verticals
-
Specialty Materials & Chemicals
Thermal Technologies
- Target Geography
- North America
- Acquiror Geography
- North America
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