EQT and GIC to acquire majority stake in UK’s Calisen from consortium of investors
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).
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).
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.
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
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Vanity Fair Fashion.
