M&A Deal Summary

EQT, GIC and Equitix Investment Management Acquire Calisen

On December 2, 2024, private equity firm EQT, sovereign wealth fund GIC and infrastructure investor Equitix Investment Management acquired infrastructure company Calisen from Mubadala Capital

Acquisition Highlights
  • This is EQT’s 3rd, GIC’s 2nd and Equitix Investment Management’s 2nd transaction in the Infrastructure sector.
  • This is EQT’s 19th, GIC’s 8th and Equitix Investment Management’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2024-12-02
Target Calisen
Sector Infrastructure
Buyer(s) EQT
GIC
Equitix Investment Management
Sellers(s) Mubadala Capital
Deal Type Secondary Buyout

Target

Calisen

Manchester, United Kingdom
Calisen is an owner and manager of essential energy infrastructure assets. Calisen was founded in 2002 and is based in Manchester, United Kingdom.

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Buyer(S) 3

Buyer

EQT

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 242.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.


DEAL STATS #
Overall 316 of 317
Sector (Infrastructure) 3 of 3
Type (Secondary Buyout) 97 of 97
Country (United Kingdom) 19 of 19
Year (2024) 21 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-23 Melita

Mriehel By-Pass, Malta

Melita is a provider of high-speed broadband and mobile services as well as a premium TV to households and businesses connected to its state-of-the-art telecom network in Malta. It owns and operates a fully invested, over 1,600km long HFC network as well as a 5G-ready mobile network with its own tower and small cell footprint. Melita was founded in 1991 and is based in Mriehel By-Pass, Malta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-05 ju:niz Energy

Traunstein, Germany

ju:niz Energy develops and operates advanced large-scale battery storage systems designed to be both system- and grid-compatible while ensuring economic viability. The company's value chain encompasses project development from site acquisition to grid connection, project management including planning, construction, and commissioning, as well as technical operations, maintenance, and commercial management, which involves coordinating market operations and optimizing system performance. ju:niz Energy is based in Traunstein, Germany.

Buy -
Buyer
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.


DEAL STATS #
Overall 43 of 43
Sector (Infrastructure) 2 of 2
Type (Secondary Buyout) 15 of 15
Country (United Kingdom) 8 of 8
Year (2024) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-21 GasLog

Piraeus, Greece

GasLog is an international owner, operator and manager of LNG carriers providing support to international energy companies as part of their LNG logistics chain. GasLog's consolidated fleet consists of 27 LNG carriers (21 ships on the water and 6 on order). GasLog was founded in 2003 and is based in Piraeus, Greece.

Buy -
Buyer

Equitix Investment Management

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 11.7B USD
Size Mega
Type Sector Focused
DESCRIPTION

Equitix Investment Management Ltd. is a global investor, developer, and long-term fund manager of core infrastructure assets. Equitix was founded in 2007 and is headquartered in London, United Kingdom.


DEAL STATS #
Overall 8 of 8
Sector (Infrastructure) 2 of 2
Type (Secondary Buyout) 4 of 4
Country (United Kingdom) 6 of 6
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-07 Hidrometering

Madrid, Spain

Hidrometering provides water metering services directly to 450,000 residential customers of the BMA. Hidrometering is based in Madrid, Spain.

Buy -

Seller(S) 1

SELLER

Mubadala Capital

Investor


Category Sovereign Wealth Fund
Founded 2002
PE ASSETS 276.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Mubadala Capital is a private equity firm focused on investing capital across a range of assets worldwide. The Firm primarily invests in private and public assets, but also considers credit, real estate, and alternatives. Mubadala invests in a variety of sectors including industrials, healthcare, energy, renewables, financial services, infrastructure, and business services. Mubadala Capital was founded in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.


DEAL STATS #
Overall 6 of 6
Sector (Infrastructure) 1 of 1
Type (Secondary Buyout) 3 of 3
Country (United Kingdom) 3 of 3
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-22 Bugaboo

Amsterdam, Netherlands

Bugaboo designs strollers and parenting solutions, helping families create endless moments of fun and discovery every step of the way. The company's products include strollers, car seats, travel cots, and accessories. Bugaboo was founded in 1999 and is based in Amsterdam, Netherlands.

Buy -