Refrigerant gas supply and lifecycle management company A-Gas, and its majority owner KKR, has entered into a definite agreement to sell a majority stake in the business to TPG Rise Climate.
Launched in 2011, US-based TPG Rise Climate is the dedicated climate investing strategy of TPG’s $18bn global impact investing platform, TPG Rise. The company pursues climate-related investments.
TPG Rise Climate’s purchase will make KKR the majority shareholder of UK-based A-Gas.
Jack Govers, CEO of A-Gas, said he is thrilled to be taking the next step in the company’s sustainability journey and to further scale its lifecycle refrigerant management operations with the backing of TPG Rise Climate.
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