COOL BREEZE: Actis Buys 50 Percent Stake in Emirates District Cooling Company

Posted on 04/12/2022


Actis entered a deal to purchase a 50% stake in Emirates District Cooling Company (EMICOOL) from Dubai Investments – a diversified investment company listed on the Dubai Financial Market (DFM), at a corporate valuation of US$ 1 billion, forming a joint venture to grow Emicool. With an extensive network in multiple geographies, the JV is aimed at supporting Emicool grow into other markets.

The deal is counted as one of largest transactions in the district cooling industry in the MENA region.

Advisors
Synergy Consulting acted as the sole financial advisor to Actis on this transaction. Al Mal Capital PSC, a subsidiary of Dubai Investments and a diversified, multi-line investment institution acted as the sole financial advisor to Dubai Investments on this transaction.

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