KKR eyes multibillion-dollar sale of CoolIT Systems: Report

U.S. private equity firm KKR is working with advisers on a sale of data center cooling company CoolIT Systems for a price tag ‌potentially exceeding $3 billion, ⁠the ⁠Financial Times reported on Sunday, citing people familiar with the matter.

A potential sale of CoolIT was in the preliminary stage and there were no guarantees that it would result in a transaction, the report said, adding that ⁠multiple buyers ‌had been earmarked as potential bidders.

CoolIT declined to comment. KKR did not ⁠respond to a request for comment. Reuters could not immediately verify the report.