EQT and GIC Acquire Majority Stake in Calisen

December 2, 2024

EQT (via its Active Core Infrastructure fund) and Singapore sovereign investor GIC will acquire a majority stake in UK smart-metering and energy infrastructure owner Calisen from funds managed by Global Infrastructure Partners, Goldman Sachs Alternatives’ infrastructure business, and Mubadala Investment Company. The deal values Calisen at about £4.0 billion; Equitix will remain a minority investor and the transaction is subject to regulatory approvals. The new owners plan to support Calisen’s rollout of smart meters and expansion into adjacent energy-transition services such as EV charging, solar/battery and heat-pump installation.

Buyers
EQT Active Core Infrastructure (EQT), GIC
Targets
Calisen Group
Sellers
Global Infrastructure Partners (GIP), Goldman Sachs Alternatives (Infrastructure business), Mubadala Investment Company
Industry
Energy
Location
United Kingdom
Transaction Type
Buyout

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