A-SIF’s investment will support Kaer’s expansion of its existing presence in Singapore, Malaysia, India and Indonesia, as well as seed growth in new regional markets including Thailand and Vietnam.
Singapore-headquartered cooling-as-a-service (CaaS) firm Kaer has secured US$350 million ($459.65 million) in investment from German investment manager Patrizia and Japan’s Mitsui & Co via their two-year-old APAC Sustainable Infrastructure Fund (A-SIF).
Singaporean investment banking adviser BDA, which worked on the transaction, did not disclose terms of the deal.
