Partners Group-led a consortium of investors agreed to acquire Techem, a provider of heat and water sub-metering services, from Macquarie European Infrastructure Fund 2, which acquired 100% of the company in 2008. The transaction values Techem at an enterprise value of €4.6bn ($5.4bn). Partners Group, which invested on behalf of its private equity and infrastructure clients, was joined in the acquisition by Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan as well as Techem's management team. "Techem is a market leader in a growing industry with strong tailwinds. With increasing global awareness of energy usage, Techem's products and services are a key element of the fight against energy waste, enabling heating and energy supplies to be managed in a more precise and sustainable manner. We look forward to working with Frank Hyldmar and his talented team, as well as with our partners CDPQ and Ontario Teachers', to expand Techem's market-leading position," Jürgen Diegruber, Partners Group Partner of Private Equity Europe.