Sale of Techem to come with abundant financing: Reuters
A sale of German metering group Techem is underway and bankers are looking at financing options of up to €2.8 billion ($4.4 billion) to back an acquisition valued at as much as €4.2 billion ($6.6 billion), banking sources told Reuters. First round bids in an auction process are due on April 5, which is expected to attract interest from 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. Swiss private-equity investor Partners Group is also expected to bid, the sources said.
13 March 2018•3 mins read
