Calisen

Last updated

Calisen
Company type Privately held company (formerly a Public company)
Industry Energy industry
Founded2002;23 years ago (2002)
Headquarters
Manchester
,
United Kingdom
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]

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.
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