TPG Rise Climate and GIC to acquire Techem from Partners Group, CDPQ and Ontario Teachers for €6.7bn.

TPG Rise Climate, a dedicated climate investing strategy of TPG’s global impact investing platform, and GIC, a Singaporean sovereign wealth fund, agreed to acquire Techem, an energy management, resource conservation and efficiency improvements services provider, from Partners Group, a global private markets investment manager, CDPQ, a global investment group, and Ontario Teachers, a pension plan, for €6.7bn. “With TPG and GIC, we are gaining strong new partners with the digitisation and platform expertise needed to help us make significant progress in implementing our corporate strategy. Together, we want to further expand and advance our position as a leading platform for digitising and decarbonising the building sector across Europe and beyond,” Matthias Hartmann, Techem CEO.