TPG, GIC to Buy Energy Meter Maker Techem for $7.5 Billion - Bloomberg

Private equity firm TPG Inc. and Singapore sovereign wealth fund GIC Pte agreed to buy German energy metering company Techem GmbH from majority owner Partners Group Holding AG for a total consideration of approximately €6.7 billion ($7.5 billion).

The purchase price will be paid in two installments, one at the close of the deal next year and the remainder in July 2027, according to a statementBloomberg Terminal Tuesday.