TPG to invest in Techem in €6.7 Billion Deal

Paul, Weiss is advising TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform, on the antitrust and regulatory aspects of its €6.7 billion investment, alongside a minority investor GIC, of Techem Group. Germany-based Techem, a leading service provider for smart and sustainable buildings, will be acquired from previous majority owner Partners Group and minority stakeholders CDPQ and Ontario Teachers' Pension Plan. The deal is pending regulatory approvals and other customary conditions.

The Paul, Weiss team was led by antitrust partner Annie Herdman.