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CVC and Tabreed form partnership to acquire Multiply Group's district cooling business for $1.03 billion.
Jun 30, 2025•12 months ago
Contract Type
partnership
LondonFinancial ServicesFinanceVenture CapitalAngel InvestmentDescription
CVC and Tabreed have partnered to acquire PAL Cooling Holding from Multiply Group for an equity value of approximately 3.8 billion dirhams ($1.03 billion). This partnership highlights the growing interest of international buyout groups in the Gulf region's diversification efforts from oil dependency.
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Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months