Mubadala has successfully completed the sale of its indirect stake in Calisen, the British energy company specializing in smart meters and small-scale energy transition infrastructure assets.
The sale marks the conclusion of a four-year investment cycle during which Mubadala, in collaboration with partners Global Infrastructure Partners (GIP), a division of BlackRock, and Goldman Sachs Alternatives’ infrastructure business, worked closely with Calisen to achieve strong financial and commercial performance.
Furthermore, Mubadala has supported the UK company’s expansion capabilities to unlock new growth opportunities, including electric vehicle (EV) charging and the electrification of heating, solar, and battery solutions, deepening Calisen’s role in the UK’s energy transition.
According to the statement, a key milestone in this journey was Calisen’s 2023 acquisition of MapleCo, a high-quality UK smart metering company owned by Equitix, which is now part of the shareholder group, strengthening the company’s market position.
With an installed base of 16 million meters, the company is well-positioned to capitalize on market trends underpinned by the ongoing energy transition as the UK advances in its journey to achieving net zero by 2050.
Saed Arar, Head of Infrastructure at Mubadala, said that, “Over the past four years, we’ve been proud to support Calisen as the business executed its long-term growth strategy. The success of this investment comes from selecting the right partners and business to support and implementing active management initiatives that were accretive to returns, de-risked the investment, and positioned the British energy company well for an attractive exit.”
Arar further added that this transaction aligns with Mubadala’s approach of capturing value through well-timed and strategic exits while ensuring that Calisen is well-positioned for its next growth phase.
