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Latham Advises GIC in Connection With Investment in Techem for a Total Consideration of €6.7 Billion
October 3, 2024
Cross-border team represents a leading global investor in the investment in of one of the largest digital energy services platforms.
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.