Partners Group backs MDT with €300M loan for building automation push
What's the deal? Partners Group has provided a senior financing package of more than €300 million to MDT technologiesDealroom has a profile for this one. Try Dealroom →, supporting Bregal UnternehmerkapitalDealroom has a profile for this one. Try Dealroom →'s acquisition of a majority stake in the German building automation company from IK PartnersDealroom has a profile for this one. Try Dealroom →. The debt was arranged through Partners Group's direct lending strategy.
What does MDT do? Founded in 1984, the company makes smart building components based on the KNX standard, a global protocol that lets electrical devices from different manufacturers work together. Its products automate heating, ventilation, lighting, and other building functions.
What's the endgame? The capital gives Bregal room to fund MDT's next expansion stage — international growth, further investment in hardware and software, and complementary acquisitions. MDT sells through electrical wholesalers across Europe and has a presence in the Middle East and India.
Why now? MDT has grown fast since 2020: manufacturing output has more than doubled, its portfolio has reached roughly 600 products, and it has opened a highly automated plant and completed three acquisitions.
By the numbers: The financing ranks among the largest debt rounds in its class, sitting in the 97th percentile of German Home Living debt deals over the past 48 months. It also adds to a busy year for Partners Group's European direct lending platform, which has now completed 23 investments in 2026 — nearly €2 billion deployed as lead investor across eight countries.
Partners Group's private credit business manages about $40 billion globally, part of more than $186 billion across all its strategies.
The signal: Partners Group sees "strong tailwinds for the building device market driven by energy efficiency requirements, rising energy costs, and the broadening of the standard to new markets," said Carina Spitzkopf, head of direct lending for DACH and Nordics. The deal reflects private credit's growing role in funding buyouts of mid-sized industrial firms riding structural energy-efficiency demand.
Read more: pulse2.com
Image credit: Lav Ulv
