Calisen Acquired by EQT and GIC for Majority Stake
Deal News | Dec 02, 2024 | EQT
EQT and GIC have announced their joint acquisition of a majority stake in Calisen Group, a leading independent provider of smart meters and energy transition infrastructure headquartered in Manchester, UK. The acquisition marks a significant step in supporting Calisen's growth aspirations in the UK smart metering market and expanding into adjacent sectors. Calisen, known for its strong operational excellence and customer relationships, operates under long-term contracts and manages essential energy infrastructure assets. The transaction will see EQT and GIC work collaboratively with the Calisen management team to drive forward the company's energy transition efforts, which include not only smart meters but also heat pumps and renewable energy systems. This acquisition is underpinned by favorable market trends and a supportive regulatory framework geared towards achieving net-zero targets.
Sectors
- Energy Infrastructure
- Investment Management
Geography
- United Kingdom – Calisen is based in Manchester, UK, and primarily operates in the UK's energy infrastructure market, focusing on smart meters and energy transition infrastructure.
- Singapore – GIC, a major participant in the acquisition, is headquartered in Singapore.
Industry
- Energy Infrastructure – The article focuses on Calisen's role in providing essential energy infrastructure assets, such as smart meters and renewable energy systems, relevant to the UK's energy transition market.
- Investment Management – The transaction involves EQT and GIC, global investment firms actively engaging in infrastructure assets and portfolio management, illustrating the sector's investment dynamics.
Financials
- – The financial terms of the majority stake acquisition in Calisen Group by EQT and GIC are not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Calisen Group | Target Company | Company | A leading independent owner and manager of essential energy infrastructure assets, including smart meters, headquartered in Manchester, UK. |
| EQT | Purchaser | Company | A global investment organization managing assets across private capital and real assets, and a key acquirer of Calisen Group. |
| GIC | Purchaser | Company | A leading global investment firm managing Singapore's foreign reserves involved in acquiring a majority stake in Calisen Group. |
| Global Infrastructure Partners | Selling Company | Company | The previous holding funds of Calisen Group, involved in selling their stake as part of the transaction. |
| Equitix | Minority Investor | Company | An investment firm retaining a minority stake in Calisen Group post-acquisition. |