Latham & Watkins has advised GIC, a leading global investor, in respect of shareholder matters in connection with its investment, together with TPG Rise Climate, in Techem Group. Techem is an energy and metering service provider based in Germany. The business will be acquired from its previous majority owner, Partners Group, and co-investors CDPQ and Ontario Teachers’ Pension Plan.
Techem will be acquired for a total consideration of approximately €6.7 billion. The transaction is expected to close in the first half of 2025, subject to customary conditions and regulatory approvals.
The Latham team was led by London corporate partner John Guccione and German corporate partner Stefan Rieger.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
