Calisen is a British energy company based in Manchester which provides energy meters and meter reading services. It was listed on the London Stock Exchange in February 2020 but acquired by a consortium of private equity funds in March 2021.[2]
History
The company, which was established as Calvin Capital in 2002, received financial backing from Infracapital in 2007.[3] After being acquired by Kohlberg Kravis Roberts in June 2016, it bought Wigan-based meter installer Lowri Beck in April 2019.[4]
It was the subject of an initial public offering on the London Stock Exchange in January 2020.[5]
In December 2020 the board of the company agreed to recommend to shareholders a takeover offer by a consortium of private equity funds consisting of the Global Energy & Power Infrastructure Fund III, Nineteenth Investment Company and various funds managed by Goldman Sachs.[6] The transaction was completed in March 2021.[2]
Operations
The company provides, owns and manages energy meters through Calvin Capital and offers meter reading services through Lowri Beck.[4]
External links
References
- Preliminary Results 2019 Calisen, retrieved 4 June 2020^
- Online womenswear fashion brand In The Style completes AIM float Business Live, 15 March 2021, retrieved 15 March 2021^
- Infracapital Agrees Sale of Calvin Capital to KKR KKR, 12 June 2016, retrieved 4 June 2020^
- Wigan meter installer Lowri Beck sold to Calvin Capital Manchester Evening News, 17 April 2019, retrieved 4 June 2020^
- Smart meter firm Calisen aims for $1.8 billion London IPO Reuters, 28 January 2020^
- Calisen accepts takeover offer less than a year after floating Proactive Investors, 11 December 2020, retrieved 28 February 2021^