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Mubadala divests stake in UK’s Calisen

11 March 2025

Abu Dhabi sovereign wealth fund Mubadala has completed the sale of its indirect stake in Calisen, a UK-based provider of smart meters and small-scale energy transition infrastructure assets.

The sale marks the end of a four-year investment cycle during which Mubadala, alongside partners, worked with Calisen to deliver strong financial and commercial performance, the firm said.

Mubadala's investment partners include the US' Blackrock-backed Global Infrastructure Partners and the infrastructure business at Goldman Sachs Alternatives

Mubadala has supported Calisen’s expansion capabilities to "unlock new growth opportunities including electric vehicle (EV) charging, the electrification of heating, solar and battery solutions, deepening Calisen’s role in the UK's energy transition".

A milestone in this journey was Calisen's 2023 acquisition of MapleCo, a UK smart metering company owned by Equitix, which is now part of the shareholder group.

 With an installed base of 16 million meters, the company is well-positioned to capitalise on market trends underpinned by the ongoing energy transition as the UK strives to achieve net-zero emissions by 2050.

Saed Arar, Mubadala's head of infrastructure, said its successful investment in Calisen comes from selecting the right partners and business to support, and implementing active management initiatives "that were accretive to returns, de-risked the investment and positioned Calisen well for an attractive exit".

"This transaction aligns with our approach of capturing value through well-timed and strategic exits, while ensuring that Calisen is well-positioned for its next phase of growth," said Arar.

The sale value has yet to be disclosed.

Photo credit: Mubadala

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