TPG Rise Climate, GIC, Acquire Building Energy Management and Decarbonization Platform Techem for $7.4 Billion
TPG Rise Climate, the climate investing strategy of TPG’s global impact investing platform, TPG Rise, and Singapore’s sovereign wealth fund, GIC announced an agreement to acquire Germany-based smart and sustainable buildings-focused service provider Techem Group for
approximately €6.7 billion (USD$7.4 billion). The transaction is expected to close in the first half of 2025, with TPG Climate Rise as lead investor, and GIC as minority investor.
Techem said that it will continue to expand its position as a platform for decarbonizing and digitizing the building sector with its new investors.
Founded in 1952, Techem works in the real estate sector, especially serving private landlords,…
