Freshfields Advised Consortium On Renewed Techem Sale

Freshfields advised consortium on renewed Techem sale

Freshfields advised a consortium comprising Partners Group, La Caisse (formerly known as CDPQ), and Ontario Teachers' Pension Plan on the sale of Techem. The metering specialist was acquired by Partners Group, GIC, TPG Rise Climate, and Mubadala Investment Company in what is expected to be Germany’s largest buyout of 2025.

The transaction values Techem at an enterprise value of approximately €6.7 billion. Following the acquisition, Partners Group's Infrastructure business will hold a controlling stake in Techem on behalf of its clients.

Freshfields also advised the consortium on the contemplated sale of Techem to TPG and GIC in September 2024.

Founded in 1952 and headquartered in Eschborn, Germany, Techem provides energy services, including resource management, residential health, building efficiency, and energy contracting services to property managers and owners of multi-tenant residential buildings. The company has over 440,000 customers in 18 countries and services more than 13 million dwellings.

The Freshfields team was led by partner Natascha Doll and principal associate Lorenz Koffka (both Corporate/M&A, Hamburg), and included principal associate Panagiota Kavvada (Corporate/M&A, Hamburg) and associates Jens-Ole Steiner (Corporate/M&A, Hamburg) and Simon Wizemann (Corporate/M&A, Frankfurt).

If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.