Switzerland-based private equity giant Partners Group, together with Canadian pension plans Caisse de dépôt et placement du Québec and Ontario Teachers' Pension Plan, has struck a deal to buy metering services business Techem, FN's sister publication Private Equity Newsreports.

The deal, which values Techem at €4.6bn, is one of the largest led by a private equity firm so far this year, cementing Partners Group as a player in the large-cap space.