TPG, GIC Agree To Buy Techem For $7.5B: Look To Expand 'Across Europe And Beyond'

TPG Inc. (NASDAQ:TPG) shares are trading lower on Tuesday after the company’s subsidiary, TPG Rise Climate, teamed up with GIC to acquire Techem Group for around $7.5 billion.

The purchase price will be paid in two installments: one at closing and the remaining balance in July 2027.

TPG Rise Climate, one of the largest private equity funds focused on global climate solutions, invests in companies that facilitate meaningful decarbonization at scale.

The transaction is anticipated to close in the first half of 2025, pending regulatory approvals.

The ...