Kaer Partners with PATRIZIA and Mitsui for Asian Expansion
Deal News | Apr 17, 2025 | BDA Partners
Kaer has successfully obtained an investment from PATRIZIA and Mitsui's APAC Sustainable Infrastructure Fund (A-SIF) to expand its Cooling as a Service (CaaS) operations across high-growth Asian markets. The deal aims to accelerate the transition to low-carbon cooling solutions in the region, with financial backing supporting capital deployment up to $350 million. BDA Partners served as the exclusive financial advisor to Kaer in this transaction, though specific terms were not disclosed. The investment will assist in the development of Kaer's presence in existing markets such as Singapore, Malaysia, India, and Indonesia and extend into new regional markets like Thailand and Vietnam. The company projects a 30% growth in 2024 and an additional 50% growth by 2025 from existing contracts. Kaer aims to provide sustainable cooling to 100 million square feet of commercial real estate, reducing carbon emissions by 120 million kg by 2028. Continuous management by Kaer ensures operational consistency, while the partnership allows existing operations to develop and new markets to be penetrated.
Sectors
- Sustainable Infrastructure
- Private Equity & Investment
- Energy Efficiency
Geography
- Asia – The targeted expansion markets for Kaer's services include several Asian countries like Singapore, Malaysia, India, Indonesia, Thailand, and Vietnam.
- Singapore – Singapore is mentioned as one of the existing markets where Kaer plans to develop its presence.
Industry
- Sustainable Infrastructure – The article focuses on an investment in Kaer's Cooling as a Service (CaaS) operations, which aligns with sustainable infrastructure through its emphasis on low-carbon solutions.
- Private Equity & Investment – The involvement of PATRIZIA and Mitsui's APAC Sustainable Infrastructure Fund indicates activity in the private equity and investment sector.
- Energy Efficiency – The focus on reducing carbon emissions and improving energy efficiency underscores the article's relevance to the energy efficiency industry.
Financials
- Up to $350m – The capital deployment and investment from the APAC Sustainable Infrastructure Fund to support Kaer's expansion.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kaer | Target Company | Company | A company specializing in Cooling as a Service (CaaS) solutions aiming to expand its market presence in Asia. |
| PATRIZIA | Investor | Company | A global partner for real estate investments, contributing to the investment in Kaer's operations. |
| Mitsui | Investor | Company | A major Japanese trading company collaborating with PATRIZIA for this investment via the APAC Sustainable Infrastructure Fund. |
| BDA Partners | Financial Advisor | Company | Provided exclusive financial advisory services to Kaer for the transaction. |
| APAC Sustainable Infrastructure Fund (A-SIF) | Funding Source | Fund | The fund jointly handled by PATRIZIA and Mitsui that is investing in Kaer's Asian expansion. |