Thompson Street Capital Partners (TSCP), a St Louis-based private equity firm, has sold its portfolio company, DDC Solutions, to Daikin Applied, a subsidiary of Japan-headquartered HVAC manufacturer Daikin Industries.
The transaction was completed in partnership with Cequel III. Financial terms have not been disclosed.
Based in San Diego, California, DDC Solutions is a leading provider of high-density GPU cooling technologies and software for data centres. The acquisition supports Daikin’s strategic push into smart and sustainable cooling infrastructure within the rapidly expanding data centre segment.
Post-transaction, DDC Solutions will continue to operate independently under the Daikin Applied umbrella, leveraging the parent company’s global R&D, resources, and commercial reach.
Lincoln International acted as exclusive financial advisor to TSCP and Cequel III. Legal counsel was provided by Seyfarth Shaw.
