Jamieson is pleased to announce that it has advised the management team of Calisen on the terms of their management incentive arrangements following the acquisition of the business by a consortium made up of BlackRock Alternatives Management LLC, Goldman Sachs WSIP & Mubadala Investment Co. PJSC from KKR in March 2021.
Calisen is a leading owner and manager of essential energy infrastructure assets, as well as a provider of installation, meter reading, maintenance and ancillary services. The group’s operations consist of two businesses: Calvin Capital – a firm procuring, owning and managing a portfolio of domestic electricity and gas meters, and Lowri Beck – a firm carrying out meter readings and maintenance on behalf of its energy retailer customers. Calisen has an established position as a leading Meter Asset Provider with contracts with incumbent and independent energy suppliers and a large roll-out pipeline. Through Lowri Beck’s installation and asset management capabilities, Calisen’s integrated service provides an end-to-end metering offering to its customers.
Andrew Cox, Stephen Maxwell and Henry Balcerak advised the Calisen management team on the transaction.