Private equity firm KKR announced it will achieve returns of approximately 15 times its original investment through the sale of CoolIT, a data-center cooling technology company.

The transaction will result in substantial payouts for CoolIT's workforce, with the company's roughly 640 employees each receiving average distributions of around $240,000, according to details disclosed about the deal.

CoolIT specializes in cooling solutions for data centers, a sector that has seen increased demand as companies expand their computing infrastructure. The company's technology addresses thermal management challenges in high-performance computing environments.

The sale represents a significant return for KKR, though the firm has not disclosed the original investment amount or the total sale price. Such returns are notable even by private equity standards, where firms typically target returns of 3-5 times their initial investments.

The transaction comes amid continued investor interest in data center infrastructure and related technologies, driven by growing demand for cloud computing and digital services. The deal structure that provides employee payouts reflects a profit-sharing arrangement that has become more common in private equity exits.