trending Market Intelligence /marketintelligence/en/news-insights/trending/zaumdxijtaynbut16duyoa2 content esgSubNav
In This List

Partners Group leads €4.6B purchase of German energy services provider Techem

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Using ESG Analysis to Support a Sustainable Future

Research

US utility commissioners: Who they are and how they impact regulation

Podcast

Street Talk Episode 87


Partners Group leads €4.6B purchase of German energy services provider Techem

Swiss private equity firm Partners Group Holding AG is leading a consortium of investors to acquire German energy services provider Techem GmbH in a deal valued at €4.6 billion.

The consortium, which also includes Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan Board, will acquire Techem from Macquarie Group Ltd.'s Macquarie European Infrastructure Fund 2, according to a May 25 news release. The deal is expected to close in the third quarter of this year.

Techem provides heat and water sub-metering services as well as energy efficiency and energy contracting services to global clients from its 150 branches in more than 20 countries.

Upon deal completion, Partners Group and its partners plan to work with Techem's management team, led by Frank Hyldmar, to support the development of the company in existing markets and expand its presence geographically, according to the release.

"Given CDPQ's desire to support the transition to a low-carbon economy, investing in Techem is a very attractive opportunity for us," said Stéphane Etroy, executive vice president and head of private equity at CDPQ. "Techem's business model positions it to benefit from growing urbanization and demand for housing energy efficiency, over the long term."