latest-news-headlines Market Intelligence /marketintelligence/en/news-insights/latest-news-headlines/pelican-exits-atech-tpg-and-gic-acquire-techem-83531443 content esgSubNav
In This List

Pelican exits Atech; TPG and GIC acquire Techem

Blog

The Party is Over: Tupperware’s Failure

Podcast

Private Markets 360 - Episode 17: European Credit Opportunities

Blog

Engineering and Construction Cost Indicator declined in September as cost increases for materials and equipment moderate

Podcast

Next in Tech | Ep. 186: B2B Payments Technology and Markets


Pelican exits Atech; TPG and GIC acquire Techem

Deal Wrap is updated as of 3 p.m. ET.

– Pelican Capital LLP exited its investment in cloud services provider Atech Support Ltd. with a sale to iomart Group PLC.

– Lead investor TPG Capital LP and minority investor GIC Pte. Ltd. acquired digital energy services platform Techem GmbH from Partners Group Holding AG and co-investors Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan Board.

– Thoma Bravo LP acquired a majority stake in IT management solutions provider USU Product Business from USU Software AG. Guggenheim and RSM Ebner Stolz were financial advisers to USU and Heuking was legal adviser. Raymond James was financial adviser and Kirkland & Ellis LLP was legal adviser to Thoma Bravo.

– GTCR LLC is set to acquire direct-to-consumer insurance services company TRANZACT in a carve-out from Willis Towers Watson PLC.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.