Actis completed the acquisition of a 50% stake in Emicool from Dubai Investments for $1bn.

Actis, a global investment firm that focuses on private equity, energy, infrastructure, and real estate asset classes, completed the acquisition of a 50% stake in Emicool, a district cooling services provider, from Dubai Investments, a private equity firm, for $1bn. "We are delighted to have entered this landmark transaction with Dubai Investments, to back one of the leading players in the district cooling sector. We look forward to a long-term partnership and will support Emicool to consistently deliver high quality services and customer care. Actis also sees clear opportunity for Emicool to become a regional leader in sustainable district cooling and related services," Adrian Mucalov, Actis Partner.