GERMANY - BC Partners teams up with Macquarie

In a surprise move BC Partners is said to have joined forces with Macquarie on the buyout of German utility billing specialist Techem, having previously bid against the Australian investor. Macquarie is favoured to acquire Techem, having topped BC Partner’s previous bid of EUR 52 per share with its own EUR 55 per share bid. It now seems that Macquarie is looking to give BC Partners a 50% stake in its buyout fund MEIF II KG through which it is acquiring Techem.