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CVC Capital Partners Fund V agreed to sell its majority stake in ista, an energy efficiency service company, to Cheung Kong Property Holdings Limited. CKP will form a joint venture with CK Infrastructure Holdings Limited for the acquisition.
CKP (Canada) Holdings Ltd., a subsidiary of Cheung Kong Property Holdings Ltd, completed its acquisition of Reliance Home Comfort from Alinda Capital Partners for an equity purchase price of C$2.82 billion. Reliance provides HVAC equipment rental, sale, and service to 1.7 million customers.