Calisen

Last updated

Calisen
Industry Energy
Founded2002
Headquarters Manchester, England
Key people
Bert Pijls (Chairman)
Sean Latus, (Chief Executive)
ProductsEnergy meters and meter reading services
Revenue £208.8 million (2019) [1]
£26.7 million (2019) [1]
£(80.1) million (2019) [1]
Website www.calisen.com

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]

Contents

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]

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References

  1. 1 2 3 "Preliminary Results 2019" (PDF). Calisen. Retrieved 4 June 2020.
  2. 1 2 "Online womenswear fashion brand In The Style completes AIM float". Business Live. 15 March 2021. Retrieved 15 March 2021.
  3. "Infracapital Agrees Sale of Calvin Capital to KKR". KKR. 12 June 2016. Retrieved 4 June 2020.
  4. 1 2 "Wigan meter installer Lowri Beck sold to Calvin Capital". Manchester Evening News. 17 April 2019. Retrieved 4 June 2020.
  5. "Smart meter firm Calisen aims for $1.8 billion London IPO". Reuters. 28 January 2020.
  6. "Calisen accepts takeover offer less than a year after floating". Proactive Investors. 11 December 2020. Retrieved 28 February 2021.