Partners Group to sell Techem to own infrastructure fund, says source

German energy firm Techem (TECENC.UL) will remain in the hands of Swiss investor Partners Group PGHN after its sale to U.S. financial investor TPG TPG failed earlier this year, a person familiar with the plans told Reuters on Monday.

Partners Group will transfer its majority stake in the heating and water metering services company - valued at 6.7 billion euros ($7.81 billion), the same as in the failed TPG deal - to its own infrastructure fund, the person added.

The TPG fund Rise Climate, Abu Dhabi wealth fund Mubadala and the Singaporean sovereign wealth fund GIC (GIC.UL), which already had a stake in Techem, will acquire minority shares, according to the source.

Canadian co-investors La Caisse and Ontario Teachers' Pension Plan (OTPP) are taking the opportunity to exit.

Those funds were not immediately available for comment.

Partners Group declined to comment on the move first reported by the Bloomberg news agency.

Techem's sale to TPG and sovereign wealth fund GIC fell through in May, with the potential buyers withdrawing registration of the 6.7-billion-euro ($7.59-billion) deal with the European Union's antitrust authorities on May 7.

The European Commission had announced an in-depth review of the takeover, as TPG's concessions were not deemed sufficient.

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