Techem Owners Weigh Sale, IPO of €8 Billion Metering Firm
- Partners Group consortium speaking to advisers on exit options
- Potential process could kick off as soon as this year
Photographer: Wolfgang von Brauchitsch/Bloomberg
A consortium led by Partners Group is exploring a sale or initial public offering of Germany’s Techem GmbH, in a deal that could value the metering firm at as much as €8 billion ($8.6 billion) including debt, people familiar with the matter said.
Techem’s owners have invited advisers to pitch for a role on the potential transaction, the people said, asking not to be identified because the information is private. A process could kick off later this year, according to the people.