Global law firm Freshfields has advised the consortium comprising Partners Group, La Caisse (formerly known as CDPQ) and Ontario Teachers' Pension Plan on the sale of Techem. The metering specialist was acquired by Partners Group, GIC, TPG Rise Climate and Mubadala Investment Company. The deal is expected to be Germany’s largest buyout in 2025.

The transaction values the company at an enterprise value of around €6.7bn. Following the acquisition, Partners Group's Infrastructure business will have a controlling stake in Techem on behalf of its clients.

The Freshfields team around Partner Natascha Doll also advised the consortium on the contemplated sale of Techem to TPG and GIC in September 2024 (press release here).

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 multi-tenant residential buildings. The Company has over 440,000 customers in 18 countries and services more than 13 million dwellings. 

The Freshfields team was led by Partner Natascha Doll and Principal Associate Lorenz Koffka (both Corporate/M&A, Hamburg) and also included: Principal Associate Panagiota Kavvada (Corporate/M&A, Hamburg) and Associates Jens-Ole Steiner (Corporate/M&A, Hamburg) and Simon Wizemann (Corporate/M&A, Frankfurt).