Calisen confirmed it was pushing ahead with a takeover from a consortium of major international investors
Smart-meter business Calisen is about to be bought by overseas investors as Britain’s pandemic plundering continues.
The FTSE 250 firm, which installs energy meters and manages them for the ‘Big Six’ suppliers, confirmed it was pushing ahead with a takeover from a consortium of major international investors.
The world’s largest asset manger Blackrock, Abu Dhabi wealth fund Mubadala Investment Company, and a handful of Goldman Sachs’ infrastructure funds are buying Calisen for £1.4billion.
Since Calisen is a leading employer in the north-west of England, the bidders said that they would not move its headquarters from Greater Manchester and did not plan any large-scale job cuts.
Calisen is the latest in a string of companies to be snapped up by a foreign buyer since the pandemic began, as William Hill, G4S and RSA insurance have all changed hands.
The company’s largest shareholder, private equity giant KKR, has already agreed to the 261p-per-share deal.
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