PATRIZIA and Mitsui Commit $350M to Kaer Expansion
Deal News | Apr 15, 2025 | Patrizia
PATRIZIA, in collaboration with Mitsui & Co., Ltd., has embarked on a strategic investment venture with Kaer, a leading provider of Cooling as a Service solutions. This investment, routed via the APAC Sustainable Infrastructure Fund (A-SIF), is aimed at accelerating the growth of Kaer’s operations within Asia. The commitment of up to USD 350 million underscores the potential that both PATRIZIA and Mitsui see in Kaer's sustainable cooling solutions in the context of rising demand and climate considerations in the region. By leveraging the expertise of both PATRIZIA and Mitsui, the partnership is poised to enhance infrastructure development and sustainable practices across Asian markets.
Sectors
- Sustainable Infrastructure
- Cooling and HVAC Services
- Private Equity and Investment
Geography
- Asia – The investment is focused on expanding operations within Asia, addressing the regional demand for sustainable cooling solutions.
- Japan – Mitsui & Co., Ltd., a Japanese corporation, is one of the key partners in this investment.
Industry
- Sustainable Infrastructure – The investment is directed through the APAC Sustainable Infrastructure Fund, focusing on environmentally sustainable and efficient infrastructure solutions.
- Cooling and HVAC Services – Kaer provides Cooling as a Service, a sector within the HVAC industry, aiming to deliver environmentally friendly and efficient cooling solutions.
- Private Equity and Investment – PATRIZIA and Mitsui's investment indicates active participation in private equity and sustainable investment strategies.
Financials
- USD 350 million – The total investment commitment to expand Kaer's operations in Asia.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PATRIZIA | Investor | Company | A global provider of real estate and infrastructure investments, engaging in sustainable infrastructure investments. |
| Mitsui & Co., Ltd. | Investor | Company | A large Japanese trading company involved in a wide variety of global business operations, partnering in this investment for Kaer. |
| Kaer | Target Company | Company | A provider of Cooling as a Service solutions, aiming to expand its presence in Asia through this strategic investment. |
| APAC Sustainable Infrastructure Fund (A-SIF) | Investment Vehicle | Company | The fund through which the investment is directed to enhance sustainable infrastructure projects across the Asia-Pacific region. |