KKR to acquire CoolIT Systems
- KKR (NYSE:KKR) to acquire CoolIT Systems.
- CoolIT directly supports SDG 7 (Affordable and Clean Energy), 9 (Industry, Innovation and Infrastructure) and 13 (Climate Action).
- The investment to support company’s growth as demand for energy-efficient data center cooling grows.
- Per the terms, CoolIT will expand its equity ownership program to make all employees owners of the company.
- Since 2011, KKR portfolio companies have awarded billions of dollars of total equity value to over 50,000 non-management employees across nearly 30 companies.
- The deal is expected to close in the second quarter of 2023, subject to regulatory approvals and customary closing conditions.