Partners Group has provided a senior financing package of more than €300 million to MDT technologies, supporting Bregal Unternehmerkapital’s acquisition of a majority stake in the European building automation company from IK Partners.
The financing was provided through Partners Group’s direct lending strategy and gives Bregal additional capital to support MDT’s next stage of expansion.
Founded in 1984 and headquartered in Germany, MDT manufactures smart building components based on the KNX standard, a global protocol that allows electrical devices from different manufacturers to communicate and operate together.
Its products include wired and wireless components, design-focused sensors and cloud-enabled management technology used to automate heating, ventilation, lighting and other building functions.
MDT sells through major electrical wholesalers across European markets and has also established a presence in the Middle East and India.
The company has expanded substantially since 2020. Manufacturing output has more than doubled, while its product portfolio has increased to approximately 600 products.
MDT has also invested in sales, marketing and technical support, opened a highly automated manufacturing facility and completed three strategic acquisitions that expanded its design capabilities and geographic reach.
Under Bregal’s ownership, the growth plan includes further international expansion, continued investment in MDT’s hardware and software portfolio and additional complementary acquisitions.
Partners Group believes the broader building-device market is benefiting from structural demand associated with energy-efficiency requirements, rising energy costs and increasing adoption of standardized building automation technology.
The transaction also adds to a busy year for Partners Group’s European direct lending platform.
Following the MDT financing, the strategy has completed 23 investments in 2026, representing nearly €2 billion of deployment. Partners Group served as lead investor on all of those loans, with investments spanning eight European countries and sectors including professional services, healthcare and manufacturing.
Partners Group’s private credit business manages approximately $40 billion globally across senior direct lending, junior direct lending, private credit secondaries, fund finance, broadly syndicated loans and collateralized loan obligations.
Partners Group overall manages more than $186 billion across private equity, private credit, infrastructure, real estate, royalties and special opportunities.
KEY QUOTES:
“MDT is a differentiated building device manufacturing platform that is well positioned for its next stage of growth. We look forward to supporting BU in its value creation initiatives for the company, which include further international expansion, the continued development of its product and software portfolio, and complementary acquisitions. We continue to see strong tailwinds for the building device market driven by energy efficiency requirements, rising energy costs, and the broadening of the standard to new markets.”
Carina Spitzkopf, Head Direct Lending DACH & Nordics at Partners Group
“MDT’s strong innovation capabilities, broad product portfolio, and highly automated manufacturing base provide an excellent foundation for sustainable growth. Together with the management team, we aim to build on these strengths and further enhance the company’s market position. We are delighted to have Partners Group as a strong financing partner supporting MDT in pursuing these ambitions.”
Felix Werdin, Partner at Bregal Unternehmerkapital
