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Calisen

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Calisen
IndustryEnergy
Founded2002
HeadquartersManchester, 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]
Websitewww.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]

History

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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

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The company provides, owns and manages energy meters through Calvin Capital and offers meter reading services through Lowri Beck.[4]

References

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  1. ^ a b c "Preliminary Results 2019" (PDF). Calisen. Retrieved 4 June 2020.
  2. ^ a b "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. ^ a b "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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