KKR looks to sell CoolIT Systems for $3B+, FT reports

KKR (KKR) is working on a sale of CoolIT Systems, hoping to fetch a price tag in excess of $3B, Oliver Barnes and Antoine Gara of The Financial Times reports, citing people familiar with the matter. This is a massive increase from the unit’s $270M valuation when KKR bought a majority stake in 2023.