Abu Dhabi investment major Mubadala announced completion of the sale of its indirect stake in Calisen, the UK’s leading provider of smart meters and small-scale energy transition infrastructure assets.
The sale marks the end of a four-year investment cycle during which Mubadala, alongside partners, Global Infrastructure Partners (GIP), a part of BlackRock, and the infrastructure business at Goldman Sachs Alternatives, worked closely with Calisen to deliver strong financial and commercial performance.
In addition, Mubadala has also supported Calisen’s expansion capabilities to unlock new growth opportunities including electric vehicle (EV) charging, the electrification of heating, solar, and battery solutions, deepening Calisen’s role in the UK’s energy transition, it said.
Saed Arar, Head of Infrastructure at Mubadala, said the company has been proud to support Calisen as the business executed its long-term growth strategy over the past four years.
“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 said.
Arar said the transaction also aligns with the company’s approach of capturing value through well-timed and strategic exits.
A key milestone in Calisen’s growth phase was its 2023 acquisition of MapleCo, a high-quality UK smart metering company owned by Equitix.
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