TPG Is Said in Discussions to Acquire Partners Group’s Techem

TPG Inc. is in talks to acquire German metering company Techem GmbH, according to people with knowledge of the matter.

The buyout firm is one of the main remaining bidders for Techem after KKR & Co. dropped out of the race, the people said, asking not to be identified because the information is private. It’s trying to negotiate terms of a deal with Techem’s owners, which include Partners Group Holding AG, according to the people.

TPG is likely to do the deal through its Rise Climate fund, the people said. Deliberations are ongoing and it will likely be ...