A&O Shearman Advises Partners Group on €6.7 Billion Acquisition of Techem.
A&O Shearman is advising Partners Group as lead counsel on its €6.7 billion acquisition of a controlling stake in Techem, the German energy services provider. Partners Group is leading the consortium alongside GIC, TPG Rise Climate, and Mubadala.
The deal, one of the largest infrastructure transactions of the year, will see Partners Group’s Infrastructure division hold a majority stake in Techem on behalf of its clients. Completion is expected in the second half of 2025, subject to regulatory approvals.
Dr. Sebastian Remberg, private equity partner at A&O Shearman, commented: "We are delighted to have advised Partners Group on this landmark deal. This transaction underscores the growing importance of digital and sustainable solutions in the real estate sector, and we are proud to support our clients as they drive innovation and efficiency across the industry.”
Matthias Hartmann, Chief Executive Officer, Techem, comments: "The new ownership consortium is ideal for Techem because it ensures continuity while also providing fresh impulses for the implementation of our strategy. We look forward to working with them on the next phase of our growth story as we capitalize on our momentum to further expand our position as the leading platform for the digitalization and decarbonization of the building sector in Europe and beyond."
David Daum, Partner, Head Infrastructure Europe, Partners Group, says: "Over the past seven years, together with La Caisse and Ontario Teachers', our Private Equity business built Techem into a global energy services provider. We see great potential for the Company moving forward and are pleased to be able to continue to actively drive this success story with our new investors GIC, TPG Rise Climate, and Mubadala. Energy efficiency is a key thematic focus, and Techem is poised to continue benefiting from the thematic tailwinds of the push for decarbonization."
Techem is a Germany-based provider of digital energy and water management solutions for the real estate sector. Founded in 1952 and headquartered in Eschborn, the company serves over 13 million dwellings across 18 countries. Techem specializes in submetering, billing, energy contracting, and building efficiency services, with a focus on digital innovation and sustainable building operations.
Partners Group is a Swiss-headquartered global private markets firm (founded 1996) with US $152 billion AUM and 1,800+ professionals across 21 offices. The firm pursues a top-down, bottom-up investment strategy across private equity, real estate, infrastructure, and debt—integrating direct, secondary, and fund investments. Through active value creation and a dedicated Industry Value Creation team, Partners Group drives operational improvements with deep sector expertise to generate long-term, resilient returns for its clients.
A&O Shearman is a leading transatlantic law firm formed by the 2024 merger of Allen & Overy and Shearman & Sterling. With 4,000 lawyers across 48 offices worldwide, the firm advises global businesses on corporate, M&A, finance, capital markets, disputes, and regulatory matters, combining U.S., English, and international law expertise.
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