(Bloomberg) -- Private equity firm TPG Inc. and Singapore sovereign wealth fund GIC Pte agreed to buy German energy metering company Techem in a strategic move to expand their investment portfolio in the energy sector. The deal, valued at an undisclosed amount, marks a significant step for both companies as they aim to capitalize on the growing demand for energy management solutions in Europe.
The acquisition of Techem by TPG and GIC solidifies their position as key players in the energy industry, with a focus on innovative technologies and sustainable practices. This partnership will enable Techem to leverage the expertise and resources of both firms to drive growth and enhance its market presence in Germany and beyond.
Swedish investor EQT Infrastructure plans to sell a 25% stake in waste-to-energy firm Reworld to GIC, manager of Singapore's sovereign wealth fund. This strategic investment will further strengthen GIC's foothold in the waste management sector and support the development of sustainable solutions for managing environmental challenges.
TPG and Singapore's sovereign wealth fund GIC are set to take over as majority stakeholders in energy metering company Techem in what is poised to be a transformative deal for the energy industry. The acquisition reflects a shared vision between the two firms to drive innovation and sustainability in the sector.
Singapore's sovereign wealth fund GIC Pte has agreed to acquire a 25% stake in waste management company Reworld, according to people familiar with the matter. This investment underscores GIC's commitment to supporting sustainable initiatives and promoting responsible waste management practices in the global market.
GIC to acquire a 25% minority interest in Reworld Waste, LLC · Broadened investor base adds. The strategic partnership between GIC and Reworld Waste, LLC will enhance the company's financial stability and operational capabilities, positioning it for long-term growth and success in the waste management industry.
CPP Investments and GIC will each hold a 37.5% stake in a new venture, signaling a strong partnership between the two investment giants. This collaboration is expected to drive significant value creation and growth opportunities for both companies in the global market.
New venture with GIC, CPP Investments is expected to triple size of firm's xScale portfolio. The joint venture between GIC, CPP Investments, and the firm's xScale portfolio will unlock new opportunities for expansion and innovation in the digital infrastructure sector, positioning the companies for sustained success and growth.
PRNewswire/ -- Equinix, Inc. (NASDAQ: EQIX), the world's digital infrastructure company®, today announced the signing of a joint venture with GIC, further solidifying GIC's position as a key player in the digital infrastructure market. This strategic partnership will enable Equinix to accelerate its growth and expansion plans, leveraging GIC's expertise and resources to drive innovation and value creation.
