KKR Acquires CoolIT

Industrial

KKR acquisition of 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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Industrial

KKR acquisition of CoolIT

Date
July 2023
Company
KKR
Transaction
M&A - Buyside
Sectors
Industrial
Verticals
Specialty Materials & Chemicals
Thermal & Climate Technologies
Target Geography
North America
Acquiror Geography
North America

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