Investec has advised Kieback&Peter in securing a strategic minority investment from Trane Technologies to join forces to accelerate Sustainable Building Innovation
About the deal
Kieback&Peter, a company with nearly 100 years of expertise in intelligent building automation, is opening a new, forward-looking chapter in its history: Together with Trane Technologies, a global climate innovator, a strategic partnership has been formed. Trane Technologies will acquire a 49% minority stake in the Kieback&Peter Group. This collaboration is more than an investment – it represents a shared commitment to accelerating the transition to sustainable, intelligent buildings and contributing to a better world.
Kieback&Peter is a long-standing company with a clear vision: to make buildings more comfortable, energy-efficient, and environmentally responsible. With proprietary hardware, software, and energy management solutions, and more than 1,700 employees across 50 locations worldwide, Kieback&Peter helps governments, businesses, healthcare providers, and industries reduce energy waste and achieve their sustainability goals.
Trane Technologies will acquire a 49% interest in Kieback&Peter, with an option to assume full ownership after a three-year period.
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“Investec provided us with independent and targeted support during this transaction. Kieback&Peter was prepared for an international investor process with strategic review of all possible options. Prior to this transaction, Investec provided us with professional support in refinancing our syndicated loan, enabling us to implement a comprehensive solution on the equity side that will allow us to continue our dynamic growth. Investec’s capital market-oriented and strategic input was crucial to the successful start of a new chapter in our company’s history.”
Our role
After the successful refinancing of Kieback&Peter’s syndicated loan based on a rerating to investment grade, Investec acted as exclusive M&A advisor to the company and its shareholders, providing comprehensive support throughout the entire transaction – from strategic positioning and valuation to managing the international investor process, coordinating all workstreams, and supporting the full due diligence and negotiation phases.
