Calisen
 | |
| Industry | Energy |
|---|---|
| Founded | 2002 |
| Headquarters | Manchester, England |
Key people | Bert Pijls (Chairman) Sean Latus, (Chief Executive) |
| Products | Energy meters and meter reading services |
| Revenue | £208.8 million (2019)[1] |
| £26.7 million (2019)[1] | |
| £(80.1) million (2019)[1] | |
| Website | www |
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
[edit]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
[edit]The company provides, owns and manages energy meters through Calvin Capital and offers meter reading services through Lowri Beck.[4]
References
[edit]- ^ a b c "Preliminary Results 2019" (PDF). Calisen. Retrieved 4 June 2020.
- ^ a b "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.
- ^ a b "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.