Mubadala Completes Sale Of Stake In Calisen, Supporting UK Energy Transition

Mubadala has finalised the sale of its indirect stake in Calisen, a prominent UK provider of smart metres and small-scale energy transition infrastructure. This sale concludes a four-year investment period during which Mubadala collaborated with partners like Global Infrastructure Partners (GIP), BlackRock, and Goldman Sachs Alternatives to enhance Calisen's financial and commercial performance.

Calisen's expansion into new growth areas was supported by Mubadala, focusing on electric vehicle charging, heating electrification, solar, and battery solutions. This support has strengthened Calisen's role in the UK's energy transition. The acquisition of MapleCo in 2023 marked a significant milestone, further solidifying Calisen's market position.

With an installed base of 16 million metres, Calisen is well-positioned to benefit from market trends driven by the UK's ongoing energy transition towards net zero by 2050. The company's strategic moves have placed it advantageously within the evolving energy landscape.

Saed Arar, Head of Infrastructure at Mubadala, stated, "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."

Arar also mentioned that this transaction aligns with Mubadala's strategy of capturing value through strategic exits while ensuring Calisen is prepared for future growth phases. This approach highlights Mubadala's commitment to making well-timed decisions that maximise value.

The collaboration between Mubadala and its partners has been instrumental in driving Calisen's success over the years. By focusing on strategic investments and partnerships, they have ensured that Calisen remains competitive in a rapidly changing market environment.

This successful exit underscores Mubadala's ability to identify promising opportunities and execute strategies that yield positive outcomes for both investors and the companies involved. As Calisen continues its journey in the energy sector, it is poised for further advancements in line with global sustainability goals.

With inputs from WAM