Latest news with #TPGRiseClimate
Zawya
14-07-2025
- Business
- Zawya
Partners Group, GIC, TPG Rise Climate and Mubadala announce agreement to acquire Techem for AED 29bln
Abu Dhabi – Mubadala Investment Company ('Mubadala'), the Abu Dhabi based investment company, alongside Partners Group, one of the largest firms in the global private markets industry, GIC, a leading global investor, and TPG Rise Climate, the dedicated climate investing strategy of TPG's global impact investing platform, announced a joint agreement to acquire Techem, an international provider of digitally enabled solutions for the real estate sector. Techem is set to be acquired for total consideration of approximately AED 29 billion (EUR 6.7 billion). The transaction is expected to close in H2 2025, subject to customary conditions and regulatory approvals. Founded in 1952, Techem has over 440,000 customers in 18 countries and services over 13 million dwellings. As a reliable long-term partner, Techem aids the property sector and private landlords in enhancing energy efficiency, reducing consumption, costs, and CO2 emissions through low-investment, non-invasive methods. Its services contribute to the long-term decarbonization of the real estate sector, which accounts for around 40% of global CO2 emissions. Approximately 62 million of Techem's devices are currently installed worldwide. 'The decarbonization of the real estate sector continues to be a global priority for better and more sustainable living. As a trusted and leading sub-metering services provider with a digital edge, Techem is well positioned to continue leading this transition, improving the energy management of buildings through better efficiency and consumption,' said Abdulla Mohamed Shadid, Head of Energy and Sustainability at Mubadala's Private Equity Platform. 'We are delighted to be investing alongside Partners Group, GIC, and TPG Rise Climate and to be supporting Techem as it continues to expand and strengthen its value proposition. This transaction aligns with Mubadala's long-term commitment to deploying capital purposefully and helping to find solutions to global challenges.' About Mubadala Mubadala Investment Company is a sovereign investor managing a global portfolio, aimed at generating sustainable financial returns for the Government of Abu Dhabi. Mubadala's US$330 billion (AED 1,212 billion) portfolio spans six continents with interests in multiple sectors and asset classes. We leverage our deep sectoral expertise and long-standing partnerships to drive sustainable growth and profit, while supporting the continued diversification and global integration of the economy of the United Arab Emirates. For more information about Mubadala Investment Company, please visit:
Business Wire
15-05-2025
- Business
- Business Wire
Rubicon Carbon Enters into Agreement with Microsoft for Nature-based Carbon Removal Credits
MARINA DEL REY, Calif.--(BUSINESS WIRE)-- Rubicon Carbon, a leading carbon credit management firm, today entered into a framework agreement with Microsoft to facilitate the purchase of 18 million tonnes of high-quality carbon removal credits – one of the largest single-buyer commitments of its kind in the world. Each carbon removal transaction under this deal will be structured as 15- to 20-year offtakes, supporting a pipeline of individual Afforestation, Reforestation, and Revegetation (ARR) projects worldwide. A defining feature of this framework agreement is the scale of Microsoft's work in this space. By anchoring long-term offtake agreements, this deal demonstrates the growing role of corporate buyers in unlocking private investment for high-integrity carbon projects that might otherwise lack funding. 'Addressing climate change requires more than good intentions—it requires capital deployment at scale,' said Tom Montag, CEO of Rubicon Carbon. 'This collaboration serves as a blueprint for how the financial sector can meet the urgency of the moment while also generating strong financial returns. We aim to crowd in more capital by leveraging market-based mechanisms to scale societal impact at a planetary scale.' 'This agreement demonstrates how science, finance, and business model innovation can work in concert to scale affordable and high-quality climate solutions,' said Brian Marrs, Senior Director, Energy & Carbon Removal at Microsoft. 'We believe that project finance needs to be central to the voluntary carbon market, and this deal signals the long-term demand for carbon removal necessary to mobilize infrastructure-grade investment and world-class execution.' Through this collaboration, Rubicon Carbon has developed an evaluation framework with Microsoft that reflects Microsoft's science and quality criteria while building upon Rubicon Carbon's rigorous standards for carbon removal credit integrity. Rubicon Carbon will source, assess, and conduct advanced due diligence on ARR projects worldwide, prioritizing those with strong potential for scale but limited access to capital. Rubicon Carbon's in-house science team will provide continuous quality assurance and monitoring, leveraging the latest remote-sensing technologies. 'We launched Rubicon Carbon three years ago to catalyze high-quality carbon projects at scale. This agreement with Microsoft represents an important milestone on our journey to deliver innovative, market-based solutions,' said Jim Coulter, Founding Partner of TPG and a Managing Partner of TPG Rise Climate. For more information on Rubicon Carbon, visit the website, follow on LinkedIn, or contact Rubicon Carbon's Supply sourcing team. About Rubicon Carbon: Rubicon Carbon is a carbon credit management firm that empowers the world's largest enterprises to achieve their sustainability goals by addressing carbon emissions and driving global climate finance. Backed by TPG Rise Climate and led by top executives from across finance, technology, and climate science, Rubicon Carbon delivers innovative carbon credit solutions to global businesses while unlocking carbon avoidance and removal projects at scale, all backed by rigorous in-house scientific diligence. For more information, visit
Business Standard
29-04-2025
- Business
- Business Standard
Tata Tech slides after large block deal
Tata Technologies tumbled 5.78% to Rs 664.80, following a major block deal valued at Rs 1,093.67 crore on the National Stock Exchange (NSE) early today, 29 April 2025. In the transaction, 1,60,06,865 shares, representing 3.95% of the companys equity, changed hands at Rs 683.25 per share a 3.22% discount to the previous closing price of Rs 705.60. The stock reacted sharply to the discounted pricing, slipping as investors digested the sizable offloading. While the identity of the seller has not been officially confirmed, media reports suggest that private equity firm TPG Rise Climate was behind the stake sale. As on March 2025, TPG Rise Climate held 2.44 crore shares, or 6.01% equity, of the company. The counter witnessed a surge in trading activity today, with volumes on the BSE soaring to 63.62 lakh shares significantly higher than the one-quarter average of 1.37 lakh shares. On the NSE, volumes spiked to 3.94 crore shares, far exceeding the quarterly average of 14.75 lakh shares. Tata Technologies is a global product engineering and digital services company. Its consolidated net profit jumped 12% to Rs 188.87 crore, despite a 2.41% decline in revenue from operations to Rs 1,285.65 crore in Q4 FY25 over Q3 FY25. On a year-over-year (YoY) basis, the company's net profit jumped 20.12% while revenue declined 1.18%.
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Business Standard
29-04-2025
- Business
- Business Standard
Tata Tech shares drop 6% after block deal; Here's the likely seller
Shares of Tata Technologies fell over 6 per cent in Tuesday's intraday trade after a block deal involving 3.94 per cent of equity, with TPG Rise Climate likely the seller. Tata Tech's stock fell as much as 6.03 per cent during the day to ₹663.05 per share, the biggest intraday loss since April 7 this year. The stock pared losses to trade 4.8 per cent lower at ₹671.7 apiece, compared to a 0.47 per cent advance in Nifty50 as of 9:35 AM. The stock is the worst performer on the NSE Nifty 500 and BSE 500 indices, according to Bloomberg. Tata Tech's counter has fallen over 7 per cent from its recent high of ₹731, which it hit early this month. The stock has fallen 25 per cent this year, compared to a 3.2 per cent advance in the benchmark Nifty50. The Tata Group company has a total market capitalisation of ₹27,309.61 crore, according to BSE data. Tata Tech block deal About 16 million shares, or a 3.94 per cent stake of Tata Tech, changed hands on the National Stock Exchange in a single transaction, according to Bloomberg data. Buyers and sellers for the transaction were not known immediately. However, as per the term sheet viewed by the wire agency, TPG Rise Climate was offloading 15.86 million shares of the company at a price range of ₹670 to ₹698.5 per share. The price range was a 1 per cent to 5 per cent discount to the closing price of the stock on April 28. Tata Tech Q4 results The global product engineering and digital services firm reported a 20.12 per cent rise in consolidated profit after tax at ₹188.87 crore in the fourth quarter ended March 2025 on the back of higher income and lower expenses. The company had posted a consolidated profit after tax of ₹157.24 crore in the same quarter of the year-ago fiscal. Total expenses in the fourth quarter were at ₹1,088.20 crore as against ₹1,094.4 crore in the year-ago period. For the fiscal year ended March 2025, PAT was at ₹676.95 crore as compared to ₹679.37 crore in the preceding financial year. Consolidated total income in FY25 was at ₹5,292.58 crore as against ₹5,232.75 crore a year ago.
Business Upturn
29-04-2025
- Business
- Business Upturn
Tata Technologies share price falls nearly 5% after Rs 1,100 crore block deal
By Aditya Bhagchandani Published on April 29, 2025, 09:32 IST Shares of Tata Technologies dropped 4.71% to ₹672.40 in early trade on April 29, following a large block deal involving 1.6 crore shares—equivalent to 3.95% of the company's equity—changing hands for approximately ₹1,094 crore. The transaction occurred at ₹683 per share, marking a discount of nearly 5% to the previous close of ₹705.60. TPG Rise Climate Sf Pte. Ltd., a fund managed by the US-based private equity giant TPG Inc., was expected to offload a 3.89% stake (approximately 15.86 million shares) in Tata Technologies through the deal. The offer price ranged between ₹670 and ₹699 per share. As per the March 2025 shareholding data, TPG Rise Climate held a 6.01% stake in Tata Technologies, which translates to roughly 2.43 crore shares. Following this transaction, the remaining stake of TPG Rise Climate will be under a 60-day lock-in period, according to sources cited by NDTV Profit. BofA Securities acted as the sole banker for the bulk deal. At the current market price of ₹672.40, Tata Technologies commands a market capitalization of ₹272.87 billion. The stock has traded between ₹663.05 and ₹692.40 so far today and has seen an average daily volume of 1.74 million shares. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
