# Actis purchases 50% stake in Emirates District Cooling Company (EMICOOL)

Actis, a global sustainable infrastructure investor, purchased a 50% stake in Emirates District Cooling Company (EMICOOL) from Dubai Investments at a corporate valuation of US$ 1 billion, forming a joint venture to grow Emicool.

- Type: Acquisition
- Announced: 2022-04-12
- Where: Dubai, United Arab Emirates
- Value: $1.00B
- Status: announced
- Products: district cooling services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Dubai Investments](https://endata.com/companies/25347.md) (partner)
- [Emirates District Cooling](https://endata.com/companies/25349.md) (target)
- [Actis](https://endata.com/companies/27319.md) (acquirer)
- [Emirates District Cooling Company (EMICOOL)](https://endata.com/companies/62255.md) (target)

## Sources

- [act.is](https://www.act.is/2022/04/12/actis-purchases-50-stake-in-emirates-district-cooling-company-emicool-from-dubai-investments-at-a-corporate-valuation-of-us-1bn/), 2022-04-12: "Actis has entered a deal to purchase a 50% stake in Emirates District Cooling Company (EMICOOL) from Dubai Investments... at a corporate valuation of US$ 1bn."
- [cliffordchance.com](https://www.cliffordchance.com/news/news/2022/04/clifford-chance-advises-actis-on-purchase-of-50--stake-in-emirat.html), 2022-04-14: "The transaction will be one of the largest deals in the district cooling industry in the Middle East and North Africa (MENA) region and underpins the growing demand for district cooling."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.