Synergy Consulting, Inc. is honored to have acted as the Debt Advisor to the consortium of National Central Cooling Company (Tabreed) and CVC DIF on the acquisition of PAL Cooling Holding, a leading district cooling company in Abu Dhabi. The transaction is valued at AED 3.87 billion (~USD 1.1 billion).
PAL Cooling operates eight long-term concessions in Abu Dhabi, serviced by five operational plants. In addition, one plant is under construction, and three are in the planning stage, taking the combined connected capacity to an expected 600,000 RT in the long term.
In its role as Debt Advisor, Synergy was instrumental in structuring the financing on a non-recourse basis and supporting the sponsors in securing competitive debt facilities, ensuring alignment of financial and strategic objectives.
Synergy extends sincere appreciation to all stakeholders for their commitment and collaboration to achieve this milestone.
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