Canadian pension funds among Techem's final-round bidders: Reuters

Macquarie picked three suitors for a final bidding round for the sale of German metering group Techem, which may be valued at around 4 billion euros (US$4.9 billion), sources told Reuters. A consortium comprising buyout firm CVC Capital Partners, Canada Pension Plan Investment Board and Government of Singapore Investment Corp (GIC) as well as another group that includes Ontario Teachers’ Pension Plan and Caisse de dépôt et placement du Québec and Partners Group has prevailed in the auction, the sources said. Separately, buyout firm Silver Lake Partners is still competing for the asset.

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