EQT, GIC to Buy Majority Stake in U.K Energy-Infrastructure Provider Calisen
By Dominic Chopping
STOCKHOLM–Swedish buyout group EQT and Singaporean sovereign wealth fund GIC have agreed to buy a majority stake in U.K.-based energy-transition infrastructure provider Calisen.
The two investors will jointly buy the stake from funds managed by Global Infrastructure Partners, part of BlackRock, the infrastructure business of Goldman Sachs Alternatives and Mubadala Investment Co. Equitix will remain a minority investor.
Calisen provides smart meters, electric-vehicle charging, solar and battery power, and heat-pump installation, meter readings, maintenance and ancillary services.
EQT said the investment will support Calisen’s growth ambitions in the U.K. smart-meter market and abroad, as well as adjacent sectors such as smart water metering.
The deal is subject to regulatory approvals.
Financial terms weren’t disclosed.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
12-02-24 0626ET
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