Partners Group & Consortium Acquire Techem for €6.7 Billion

A consortium of major global investment entities - Partners Group, GIC, TPG Rise Climate, and Mubadala Investment Company has announced a significant strategic investment in Techem, a prominent international provider of digital energy and efficiency solutions for the real estate sector. The deal, which values Techem at approximately EUR 6.7 billion in enterprise terms, will see Partners Group’s Infrastructure arm take a controlling interest in the company on behalf of its clients, further solidifying its presence in the infrastructure and sustainability space.

Techem's Evolution as a Sustainability-Driven Innovator

Techem, founded in 1952 and based in Eschborn, Germany, delivers critical energy-related services to property owners and managers of multi-unit residential complexes. The company operates across 18 countries, serving more than 440,000 clients and over 13 million residential units. Its offerings include advanced submetering technology, resource and energy management, health-focused residential solutions, and energy contracting. These services support significant reductions in both energy use and carbon emissions. Techem's cutting-edge systems are integral to the transformation of the built environment, a sector responsible for around 40% of global CO₂ emissions. With roughly 62 million of its smart devices deployed globally, the company has positioned itself at the forefront of real estate decarbonization.

A Track Record of Growth Under Prior Ownership

Techem’s most recent ownership group, led by Partners Group's Private Equity division and supported by La Caisse and the Ontario Teachers' Pension Plan, acquired the company in 2018. During this phase, Techem experienced remarkable growth, with its revenues surpassing EUR 1 billion and EBITDA rising by approximately 50%. This transaction will mark the conclusion of that chapter, as the outgoing investors step aside for the new consortium to take the reins.

Vision for Techem’s Digital-First Future

The incoming investor group aims to build on Techem’s strong foundation by executing a comprehensive value creation strategy. This plan emphasizes the continued digital transformation of the company’s operations and the expansion of its product ecosystem. Future growth will involve the integration of technologies such as smart meters and other digital infrastructure aimed at improving building performance and sustainability. Techem’s expanding relevance in infrastructure has been driven by macro trends such as rising regulatory demands for energy efficiency, escalating energy prices, and the growing commitment of businesses to reduce their carbon footprints.

Transaction Timeline and Partners Group's Infrastructure Role

The acquisition is anticipated to close in the second half of 2025, pending standard regulatory approvals and closing conditions. Partners Group’s Infrastructure business, which currently manages USD 27 billion in assets globally, will be the lead controlling investor in Techem, reflecting the firm’s continued strategy to scale its holdings in companies that play a vital role in the transition toward a more sustainable global economy.