News Summary

U.S. private equity firm KKR is reportedly preparing to sell CoolIT Systems, a company specializing in liquid cooling technologies for data centers, with a potential price exceeding $3 billion. CoolIT, acquired by KKR in 2023, focuses on designing, developing, and mass-manufacturing cooling solutions for AI and computing systems. The demand for data centers has led to increased deal-making as companies seek to expand their capacity to address the surge in power and cooling demands. This potential sale highlights the growing interest in the data center industry and the strategic moves by investment firms to capitalize on this trend.