Private equity firm EQT and Singapore’s sovereign wealth fund GIC will acquire a majority stake in the UK’s Calisen, more than four years after the smart metering company was taken private by a consortium of investors, they said on Monday.
The Financial Times first reported the deal earlier in the day, saying that the stake acquisition was valued at about 4 billion pounds ($5.08 billion).
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 pounds.
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.
Equitix will remain a minority investor, the new majority owners said.
Reuters
