KKR sells data center cooling business for $4.75 billion

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【KKR Sells Data Center Cooling Unit, Deal Value $4.75 Billion】Caixin News Agency, March 27—Private equity giant KKR announced it will sell its data center cooling business, CoolIT, to Ecolab. The deal value is $4.75 billion, and the expected gain is about 15 times the original investment amount (including dividends). In 2023, KKR acquired a majority stake in CoolIT, when its valuation was about $270 million.

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