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Transactions / DDC Solutions

Thompson Street Capital Partners Announces the Sale of DDC Solutions to Daikin

Exit to a strategic buyerclosedannounced Aug 19, 2025closed Aug 19, 2025Fact
What happened
Platform
not an add-on on record
Control
unknown
Share acquired
unknown
Industry
technology / software, technology
Target location
unknown
Seller kind
Sponsor
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
5 named
Buy side
  • Daikin AppliedStrategic acquirerconfirmed
    Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, MO, announced today that the firm, along with Cequel III, has completed the sale of DDC Solutions, a leading data center technology provider of high-density GPU cooling solutions and software, to Daikin Applied, a sub
  • James Alan CooperDeal partnerconfirmed
    “In partnering with DDC, we saw a compelling opportunity to help shape a leading platform in the fast-growing AI infrastructure market,” said Jim Cooper, Founder and Chairman of TSCP.
Sell side
  • Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, MO, announced today that the firm, along with Cequel III, has completed the sale of DDC Solutions, a leading data center technology provider of high-density GPU cooling solutions and software, to Daikin Applied, a sub
Advisory side
  • Lincoln International LLCFinancial adviserconfirmed
    Lincoln International served as the exclusive financial advisor to TSCP and Cequel III, and Seyfarth Shaw provided legal counsel in connection with the transaction.
Side not stated
  • DDC SolutionsTargetconfirmed
    Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, MO, announced today that the firm, along with Cequel III, has completed the sale of DDC Solutions, a leading data center technology provider of high-density GPU cooling solutions and software, to Daikin Applied, a sub
Evidence
Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, MO, announced today that the firm, along with Cequel III, has completed the sale of DDC Solutions, a leading data center technology provider of high-density GPU cooling solutions and software, to Daikin Applied, a subsidiary of Daikin Industries, the world’s largest manufacturer of HVAC equipment headquartered in Japan.
Thompson Street Capital Partners Announces the Sale of DDC Solutions to Daikin | Private Equity Intelligence | DFX