Private Equity Firm EQT and GIC to Acquire Majority Stake in UK’s Calisen
Private equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in UK’s Calisen, more than four years after the smart metering company was taken private by a consortium of investors, they said on Monday (Dec 2).
Deal Valuation
The Financial Times first reported the deal earlier in the day, saying that the stake acquisition was valued at about £4 billion (S$6.8 billion).
Background
Calisen was acquired in 2020, less than a year after its IPO, by a consortium which included units of BlackRock, Goldman Sachs and Abu Dhabi state fund Mubadala Investment for £1.43 billion.
Stake Acquisition
EQT and GIC said they would buy the stake from BlackRock’s Global Infrastructure Partners, the infrastructure business of Goldman Sachs Alternatives, and Mubadala Investment.
Future Plans
Equitix will remain a minority investor, the new majority owners said.
Conclusion
In this deal, EQT and GIC are set to acquire a majority stake in Calisen, a smart metering company in the UK. The stake acquisition is valued at about £4 billion, and it marks a significant development in the company’s history. The deal is expected to have a positive impact on the company’s future plans and growth.
FAQs
Q: Who are the new owners of Calisen?
A: EQT and GIC will be the new owners of Calisen.
Q: What is the value of the stake acquisition?
A: The stake acquisition is valued at about £4 billion (S$6.8 billion).
Q: Who will remain a minority investor?
A: Equitix will remain a minority investor in Calisen.
Q: When was Calisen acquired last?
A: Calisen was acquired in 2020 by a consortium of investors, including BlackRock, Goldman Sachs, and Mubadala Investment.
