(AOF) – A-Gas, a global leader in the supply and lifecycle management of refrigerant gases, announced that its owners, including majority owner KKR, have entered into a definitive agreement to sell a majority stake in the company to TPG Rise Climate (the climate investment strategy of TPG’s global impact investing platform, TPG Rise). KKR will remain a significant minority shareholder in the company and will continue to work with TPG Rise Climate and the A-Gas management team.
The transaction is expected to close by the end of 2023, subject to customary closing conditions, including certain regulatory approvals. Other terms of the transaction were not disclosed.
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