Partners Group, GIC, TPG Rise Climate and Mubadala Investment Co., the Abu Dhabi–based investment company, are 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 around €6.7 billion ($7.8 billion). Following the acquisition, Partners Group's Infrastructure business will have a controlling stake in Techem on behalf of its clients.
Founded in 1952 and headquartered in Eschborn, Germany, Techem provides energy services, including resource management, residential health and building efficiency, as well as energy contracting services to property managers and owners of multitenant residential buildings. The company has more than 440,000 customers in 18 countries and services more than 13 million dwellings. Techem's core submetering service yields strong environmental and economic benefits through fair cost allocation, driving down energy consumption and emissions at th
