Kirkland Advises TPG and GIC on Financing for Acquisition of Techem
Kirkland & Ellis is advising TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform, and GIC, a leading global investor, on the financing for the agreement to acquire Techem Group. 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.
Techem is a leading service provider for smart and sustainable buildings, servicing more than 13 million dwellings with over 62 million digital measuring devices on its platform.
The Kirkland team is led by debt finance partners Dan Borg and Leon Daoud and capital markets partners Tim Volkheimer and Rohan Sahai, with assistance from debt finance partners Tom Roberts and Natasha Smith and associates Ashley Bannister, Oliver Clayson and Aram Valesyan, tax partners Sam Trowbridge and Mavnick Nerwal and financial services regulatory partner Emma Reid.
