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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