TPG Rise Climate and GIC to Acquire Techem for ~€6.7 Billion
October 1, 2024
TPG Rise Climate (TPG) and GIC signed an agreement to acquire Techem Group for total consideration of approximately €6.7 billion. The deal is expected to close in the first half of 2025 (subject to regulatory approvals), with Partners Group acting as the previous majority owner on behalf of its clients and co-investors CDPQ and Ontario Teachers’ Pension Plan.
- Buyers
- TPG Rise Climate, GIC, Mubadala Investment Company
- Targets
- Techem Group
- Sellers
- Partners Group (on behalf of its clients and co-investors CDPQ and Ontario Teachers' Pension Plan)
- Industry
- Energy
- Location
- Germany
- Transaction Type
- Buyout
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