M&A Deal Summary

KKR and Mubadala Capital Acquire CoolIT

On May 2, 2023, private equity firm KKR and sovereign wealth fund Mubadala Capital acquired technology hardware company CoolIT

Acquisition Highlights
  • This is KKR’s 4th and Mubadala Capital’s 2nd transaction in the Technology Hardware sector.
  • This is KKR’s 10th and Mubadala Capital’s 3rd transaction in Canada.
  • This is KKR’s 4th and Mubadala Capital’s 2nd transaction in Alberta.

M&A Deal Summary
Date 2023-05-02
Target CoolIT
Sector Technology Hardware
Buyer(s) KKR
Mubadala Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

CoolIT

Calgary, Alberta, Canada
CoolIT designs, engineers, and manufactures advanced liquid cooling solutions for the data center and desktop markets. CoolIT was founded in 2001 and is based in Calgary, Alberta.

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Buyer(S) 2

Buyer

KKR

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.

DEAL STATS #
Overall 453 of 483
Sector (Technology Hardware) 4 of 6
Type (Buyout (LBO, MBO, MBI)) 63 of 66
State (Alberta) 4 of 4
Country (Canada) 10 of 11
Year (2023) 6 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-01 Serentica Renewables

Gurugram, India

Serentica Renewables is a decarbonization platform that looks to provide round-the-clock clean energy solutions enabling the transition of large-scale, energy-intensive industries to clean energy. Serentica Renewables was founded in 2022 and is based in Gurugram, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-11 Industrial Physics

New Castle, Delaware, United States

Industrial Physics manufactures and markets testing instruments worldwide for measuring physical and analytical properties of a wide range of materials, products, and packaging types including plastics, metals, barrier films, paper, corrugated materials, foil, ink, coatings, cans, medical devices, paints, and surfaces. Industrial Physics was formed in 2014 and is based in New Castle, Delaware.

Buy -
Buyer

Mubadala Capital

Investor

Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.

DEAL STATS #
Overall 40 of 43
Sector (Technology Hardware) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (Alberta) 2 of 2
Country (Canada) 3 of 3
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 Resilience

San Diego, California, United States

Resilience is a manufacture and technology company dedicated to broadening access to complex medicines and protecting biopharmaceutical supply chains against disruption. The company is building a sustainable network of high-tech, end-to-end manufacturing solutions to ensure the medicines of today and tomorrow can be made quickly, safely, and at scale. Resilience was founded in 2020 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Looping

Saint-Malo, France

Looping is a pan-European leisure park operator that owns and operates 18 local and regional leisure parks, including theme parks, waterparks, wildlife parks, and aquariums, attracting over six million visitors a year. The group’s parks span eight European countries, including France, the UK, Spain, Switzerland, the Netherlands, Croatia, Germany, and Portugal. Looping was founded in 2011 and is based in Saint-Malo, France.

Sell -
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