Thompson Street Capital Partners (TSCP), a private equity firm in St. Louis, MO, has sold DDC Solutions, a provider of high-density GPU cooling solutions and software, to Daikin Applied, a subsidiary of Daikin Industries. The deal terms were not disclosed.
This acquisition supports Daikin’s strategy to enhance smart cooling solutions in the growing data center sector. DDC Solutions will operate independently from its San Diego headquarters while leveraging Daikin’s global resources and R&D capabilities.
Advisor/legal support: Lincoln International served as the exclusive financial advisor to TSCP and Cequel III, and Seyfarth Shaw provided legal counsel in connection with the transaction.
KEY QUOTES:
“In partnering with DDC, we saw a compelling opportunity to help shape a leading platform in the fast-growing AI infrastructure market. The company’s impressive growth and technological advancement are a testament to its exceptional leadership team. With Daikin’s global reach and commitment to innovation, DDC is well-positioned to continue delivering mission-critical GPU cooling solutions to customers around the world.”
Jim Cooper, Founder and Chairman of TSCP
“DDC’s progress over the past 18 months has been remarkable. In a short period of time, the company has delivered GPU cooling at scale for top-tier AI customers, launched innovative new products, expanded capacity, and built a high-performing commercial team. Daikin is an outstanding strategic partner to support DDC’s next phase of growth, and we’re excited for what lies ahead.”
Tom St. Geme, Director at TSCP
