Abu Dhabi’s Mubadala Investment Company has finalised the sale of its indirect stake in Calisen, a leading UK smart meter provider, concluding a four-year investment period. The transaction is part of a broader acquisition by private equity firm EQT and Singapore’s sovereign wealth fund GIC, valuing Calisen at approximately GBP 4 billion.
Mubadala, alongside partners Global Infrastructure Partners (a division of BlackRock) and Goldman Sachs Alternatives, acquired Calisen in 2021, during which the company expanded its smart metering business and diversified into electric vehicle charging infrastructure, solar and battery solutions, and the electrification of heating systems.
