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LONDON - Partners Group Private Equity Limited (LSE:PEYS/PEY) announced Monday that a new transaction has been agreed for Techem after a previously disclosed sale failed to close as originally structured.
The investment holding company reported that its Investment Manager, Partners Group, has formed a consortium with GIC, TPG Rise Climate, and Mubadala Investment Company to invest in Techem, an international provider of digitally enabled solutions for the real estate sector.
The transaction values Techem at an enterprise value of approximately €6.7 billion and is expected to close in the second half of 2025, subject to customary conditions and regulatory approvals.
PGPE’s stake in Techem, its seventh largest portfolio company, is valued at approximately €39 million, in line with the latest published carrying value as of May 31, 2025. The company will reinvest approximately €18 million to maintain participation in Techem’s future growth, while a majority portion of the proceeds is expected to be distributed in the second half of 2025.
Techem provides energy services, resource management, and building efficiency solutions to property managers and owners of multi-tenant residential buildings. The company serves over 440,000 customers across 18 countries, managing more than 13 million dwellings with approximately 62 million devices installed worldwide.
In 2018, Techem was acquired by a consortium led by Partners Group, during which time the company experienced strong growth with revenues reaching over €1 billion and EBITDA growing approximately 50%. The previous consortium will exit their stakes as part of this transaction.
The new ownership group plans to implement a value creation strategy focused on strengthening Techem’s position as a digital-first provider of submetering solutions for the real estate sector across Europe.
This information is based on a press release statement from Partners Group Private Equity Limited.
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