TPG Rise Climate and KKR Close Transaction for Strategic Investment in A-Gas

TPG Rise Climate and KKR have confirmed the successful completion of the previously announced investment in A-Gas, following the receipt of all regulatory approvals.

In August 2023, A-Gas announced that its existing owners, including majority owner KKR, had entered into a definitive agreement to sell a majority stake in the company to TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform, TPG Rise. KKR will remain a significant minority shareholder in the business, continuing to work in collaboration with TPG Rise Climate and the A-Gas Leadership Team.

“We are looking forward to working with both TPG Rise Climate and KKR as we continue on the next step of our sustainability journey, further growing our lifecycle refrigerant management solutions worldwide,” comments Jack Govers, Chief Executive Officer, A-Gas Group, “This strategic partnership will enable us to significantly accelerate our growth into new markets and geographies, continue to develop new sustainability-driven capabilities, and build our market leadership globally.”

The transaction marks a full exit for minority investor, LDC, following a successful 12-year strategic partnership.