Mubadala Investment Company PJSC alongside investment funds managed by KKR & Co. Inc. (NYSE:KKR) entered into a definitive agreement to acquire CoolIT Systems Inc. on May 2, 2023. As part of the deal, CoolIT will expand its equity ownership programme to make all employees owners of the company. The transaction is rumored to be valued at approximately CAD 200 million ($270 million) to KKR & Co. Jefferies Securities, Inc. acted as financial advisor to CoolIT Systems, Inc.

Ken Ottenbreit, Stewart Sutcliffe, Michael Decicco, Rhonda Parhar, Kayla Zachariassen, Alexandra Ghelerter, Aya Taher (Corporate/M&A); John Lorito, John Lennard (Tax); Kevin Ackhurst, Irma Shaboian (Competition); Kathleen Chevalier, Kris Noonan, Jennifer Koschinsky (Labour & Employment); Mark Firman, Madison Sutherland (Benefits); Justin Parappally (Banking & Finance); Larry Cobb, Patrick Welsh (Environmental); Shawn Smith, Sara Shayan (IT & Privacy); Jonathan Auerbach, Andrea Kroetch (IP); Catherine Grygar and Jordan Jenkins (Real Estate) of Stikeman Elliott LLP acted as legal advisors for KKR. Robert W. Baird & Co. Incorporated acted as financial advisor to KKR & Co. Sunil Sharma of BDO Canada LLP acted as due diligence provider to CoolIT Systems, Inc.

Mubadala Investment Company PJSC alongside investment funds managed by KKR & Co. Inc. (NYSE:KKR) completed the acquisition of CoolIT Systems Inc. on July 5, 2023.