Partners Group Acquires Techem with A&O Shearman's Support

On July 16, 2025, A&O Shearman, a prominent international law firm, announced its advisory role in the acquisition of Techem, a leading provider of digitally enabled solutions for the building ecosystem, by Partners Group, a global private markets investment firm. The acquisition transaction values Techem at an enterprise value of approximately EUR 6.7 billion, marking a significant move in the real estate sector focused on sustainability and digital innovation.

Techem, headquartered in Eschborn, Germany, was founded in 1952 and has established itself as a key player in energy services, offering resource management and building efficiency solutions to property managers and owners across 18 countries, servicing over 13 million dwellings. The consortium for this acquisition includes notable investors such as GIC, TPG Rise Climate, and Mubadala Investment Company, all of which aim to reinforce Techem’s position as a digital-first provider of submetering solutions.

Dr. Sebastian Remberg, a partner at A&O Shearman in Hamburg, expressed enthusiasm for the deal, stating, "This transaction underscores the growing importance of digital and sustainable solutions in the real estate sector, and we are proud to support our clients as they drive innovation and efficiency across the industry."

Max Landshut, another partner at A&O Shearman, highlighted the complexity of the deal, noting, "The scale and complexity of this deal reflect the strength of our cross-border team and our commitment to delivering seamless, commercial advice on transformative transactions. We look forward to seeing Techem continue its impressive growth journey under its new ownership."

The acquisition marks a transition for Techem; in 2018, it was acquired by a consortium led by Partners Group's Private Equity business, which oversaw substantial growth, with revenues exceeding EUR 1 billion and a 50% increase in EBITDA. The new ownership group plans to implement a value creation strategy to enhance Techem's market position through increased digitalization and the introduction of complementary services like smart meters.

The ongoing global focus on energy efficiency, particularly in light of rising energy costs and regulatory requirements aimed at reducing carbon emissions, has positioned Techem favorably in the market. This acquisition is expected to close in the second half of 2025, pending customary conditions and regulatory approvals.

This strategic acquisition not only highlights the trend towards sustainability in real estate but also reinforces the growing partnership between private equity firms and essential service providers in the energy sector. As the landscape evolves, the role of firms like A&O Shearman will be crucial in navigating the legal complexities of such transformative transactions.