# Tabreed and CVC DIF to acquire PAL Cooling from Multiply Group

Tabreed and CVC DIF have entered a partnership to acquire PAL Cooling Holding from Multiply Group for an equity value of approximately AED 3.8 billion. The deal includes eight long-term district cooling concessions in Abu Dhabi.

- Type: Acquisition
- Announced: 2025-06-30
- Where: Abu Dhabi, United Arab Emirates
- Value: $1.03B (3.80B AED)
- Status: announced
- Capacity: 182,000 refrigeration tons (connected), expected 600,000 RT
- Products: district cooling services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Multiply Group](https://endata.com/companies/13576.md) (partner)
- [Tabreed](https://endata.com/companies/30728.md) (acquirer)
- [PAL Cooling Holding](https://endata.com/companies/37504.md) (target)
- [CVC DIF](https://endata.com/companies/81208.md) (acquirer)

## Sources

- [cvc.com](https://www.cvc.com/media/news/2025/tabreed-and-cvc-dif-to-acquire-abu-dhabi-s-pal-cooling-from-multiply-group/), 2025-06-30: "The transaction, with an equity value of approximately AED 3.8 billion, includes three long-term concessions in the Abu Dhabi main island area and five long-term concessions on Al Reem Island."

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