Calisen is a British energy company based in

Manchester Manchester () is a city in Greater Manchester, England. It had a population of 552,000 in 2021. It is bordered by the Cheshire Plain to the south, the Pennines to the north and east, and the neighbouring city of Salford to the west. The t ...

which provides energy meters and meter reading services. It was listed on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

in February 2020 but acquired by a consortium of private equity funds in March 2021.

History

The company, which was established as Calvin Capital in 2002, received financial backing from Infracapital in 2007. After being acquired by

Kohlberg Kravis Roberts KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strate ...

in June 2016, it bought

Wigan Wigan ( ) is a large town in Greater Manchester, England, on the River Douglas. The town is midway between the two cities of Manchester, to the south-east, and Liverpool, to the south-west. Bolton lies to the north-east and Warrington t ...

-based meter installer Lowri Beck in April 2019. It was the subject of an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

on the

in January 2020. 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. The transaction was completed in March 2021.

Operations

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

References

{{Reflist

External links

Official site
Companies formerly listed on the London Stock Exchange 2002 establishments in England Companies based in Manchester