Actis Purchases a $1 Billion Stake In Emicool From Dubai Investments
                     Actis Purchases a $1 
Billion Stake In 
Emicool From Dubai 
Investments
● One of the biggest deals in the 
district cooling industry in the Middle East was struck between 
Actis and Dubai Investments-owned Emicool. 
● Actis, acquired a 50% stake in Emicool at an equity valuation 
of $653 million and a corporate valuation of $1 billion. 
● Actiis iis an iinvestment firm based iin London that 
currentlly manages assets worth $19 biilllliion and has a 
portfolliio of 100 companiies. 
● Allthough iit iis iinvollved iin many sectors, iits focus has 
been on energy, priivate equiity space, reall estate and 
iinfrastructure.
● The ceremony was attended by various 
dignitaries of the field including Khalid Bin 
Kalban, Vice Chairman and CEO of Dubai 
Investments, Abdulaziz Bin Yagub Al Serkal, 
Chairman, Emicool and Adrian Mucalov, Actis 
Partner along with other senior representatives 
from each firm. 
● Synergy Consulting was the financial advisor for 
Actis while Al Mal Capital PSC was the financial 
advisor to Dubai Investments on this deal.
● The deal represents a big step forward in meeting the increasing demands 
of the cooling sector by combining the capabilities of both companies. 
● Dubai Investments acquired Emicool from Dubai’s Union Properties in 2018 
for $136 million. 
● Since then, it has focussed on improving 
Emcools operations and functioning in a variety 
of ways including developing the plant, 
enhancing technological applications, and re-
engineering the cost of operations. 
● Khalid bin Kalban, chief executive of Dubai 
Investments said that these steps have changed 
the face of the district cooling sector in the UAE 
and with Actis stepping in, the sector will 
definitely grow further.
● Emicool which began its journey in 2003 is now 
one of the most prominent district cooling 
companies in the MENA region providing 
energy-efficient air conditioning systems to 
almost 2,200 buildings in the UAE. 
● It offers its services in many areas including 
Dubai Motor City, Uptown Mirdif, Dubai 
Investments Park, Dubai Sports City and RTA 
Metro Station(Expo line).
● According to the data provided by Global Media 
Insight, the size of the district cooling sector in 
the Middle East is projected to have an annual 
growth rate of more than 9% between the year 
2022 and 2028. 
● The demand for environment-friendly, 
sustainable and efficient cooling systems 
already touched the $4 billion mark in 2021. 
● Other major players in the industry have also 
entered new phases of growth.  
● Tabreed has acquired assets in both Dubai 
and Abu Dhabi during the past year and 
Empower will soon be heading for an IPO.
Thank 
You!!