This transaction highlights Mubadala’s strategy of value capture through strategic exits, positioning Calisen for future growth
Mubadala has successfully wrapped up the sale of its indirect stake in Calisen, the U.K.’s provider of smart meters and small-scale energy transition infrastructure assets. This transaction highlights Mubadala’s strategic maneuvering in the energy sector.
The sale signifies the conclusion of a four-year investment cycle during which Mubadala, in collaboration with partners such as Global Infrastructure Partners (GIP), part of BlackRock, and the infrastructure division of Goldman Sachs Alternatives, worked closely with Calisen to ensure robust financial and commercial performance, according to a statement.
Moreover, Mubadala has played a pivotal role in enhancing Calisen’s expansion capabilities, unlocking new growth opportunities in areas like electric vehicle (EV) charging and the electrification of heating, solar, and battery solutions. This involvement has deepened Calisen’s influence in the U.K.’s energy transition.
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A significant milestone in this journey was Calisen’s acquisition of MapleCo in 2023, a high-quality U.K. smart metering company previously owned by Equitix. This addition to the shareholder group has fortified Calisen’s market position.
With an installed base of 16 million meters, the company is strategically positioned to leverage market trends driven by the ongoing energy transition as the U.K. progresses towards achieving net zero by 2050.
Supporting active management initiatives
Saed Arar, head of Infrastructure at Mubadala, remarked, “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 Calisen well for an attractive exit.”
He further noted that this transaction reflects Mubadala’s strategy of capturing value through well-timed and strategic exits, ensuring that Calisen is well-prepared for its next phase of growth.
