Canadian pension funds team up to bid on Germany's Techem: Reuters
Canadian pension funds and private equity investors are lining up to buy German metering company Techem with a multi-billion euro sale expected to launch in early 2018, sources told Reuters. Canadian pension fund Caisse de dépôt et placement du Québec and Ontario Teachers’ Pension Plan have teamed up to bid, while European private equity groups Partners Group and CVC Capital Partners are also interested in the asset, sources said. Australian infrastructure investor Macquarie started preparations to sell the business more than a year ago, but the sale of CVC’s Ista, a larger metering asset, got in ahead. Techem, which supplies energy invoicing and energy management in buildings, could fetch close to US$5 billion.
4 December 2017•3 mins read
