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Partners Group to sell Techem to own infrastructure fund, says source
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Partners Group to sell Techem to own infrastructure fund, says source
Jul 14, 2025 12:54 AM

MUNICH, July 14 (Reuters) - German energy firm Techem

will remain in the hands of Swiss investor Partners

Group after its sale to U.S. financial investor TPG

failed earlier this year, a person familiar with the

plans told Reuters on Monday.

Partners Group will transfer its majority stake in the

heating and water metering services company - valued at 6.7

billion euros ($7.81 billion), the same as in the failed TPG

deal - to its own infrastructure fund, the person added.

The TPG fund Rise Climate, Abu Dhabi wealth fund Mubadala

and the Singaporean sovereign wealth fund GIC, which

already had a stake in Techem, will acquire minority shares,

according to the source.

Canadian co-investors La Caisse and Ontario Teachers'

Pension Plan (OTPP) are taking the opportunity to exit.

Those funds were not immediately available for comment.

Partners Group declined to comment on the move first

reported by the Bloomberg news agency.

Techem's sale to TPG and sovereign wealth fund GIC fell

through in May, with the potential buyers withdrawing

registration of the 6.7-billion-euro ($7.59-billion) deal with

the European Union's antitrust authorities on May 7.

The European Commission had announced an in-depth review of

the takeover, as TPG's concessions were not deemed sufficient.

($1 = 0.8574 euros)

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