Paul Hastings Acted as Counsel on ESG Advisory Work for TPG Rise Climate’s €6.7 Billion Acquisition of Techem

Paul Hastings LLP acted as counsel on ESG advisory work for TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform, in its proposed acquisition of Techem, a German energy service provider, from Partners Group.

The transaction values Techem at an enterprise value of around €6.7 billion.

Partner and Global Co-Chair of ESG & Sustainable Finance Ruth Knox led the Paul Hastings team, which also included partners Jonathan Drimmer and Frederik Mühl, and associates Emma Ireland, Jessica Howe, Amanda Kingsley, Carl Kostelezky, Chris Jones, and Zara Shore.

The transaction is expected to close in H1 2025, subject to customary conditions and regulatory approvals. More information on the transaction can be found here.

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