Kirkland Advises KKR and CoolIT on $4.75 Billion Agreement to Sell CoolIT to Ecolab

Kirkland & Ellis advised KKR, a leading global investment firm, and its portfolio company CoolIT Systems, a global leader in liquid data center cooling, on a definitive agreement to sell CoolIT to Ecolab in a transaction valued at $4.75 billion. The sale will represent one of KKR’s largest recent realizations, generating approximately 15x the original equity invested, inclusive of distributions.

Kirkland also advised KKR on its acquisition of CoolIT in 2023 through its Global Impact Fund II, which helps scale innovative commercial solutions to global challenges.

Read KKR and CoolIT’s press release

The Kirkland team included corporate lawyers John Pitts, Ben Hardison, Abbey Zuech, William Mabry, Trent Tucker and Nicole Faria.