Simpson Thacher has advised the EQT Active Core Infrastructure fund (“EQT”) and GIC on their joint acquisition of a majority stake in Calisen Group (“Calisen”), a leading independent owner and manager of essential energy infrastructure assets, from funds managed by Global Infrastructure Partners (GIP), a part of BlackRock, the Infrastructure business of Goldman Sachs Alternatives and Mubadala Investment Company.
Calisen is a provider of smart meters, electric vehicle charging, solar and battery, and heat pump installation, meter reading, maintenance and ancillary services, whose purpose is to accelerate the development of a cleaner, more efficient and sustainable energy sector. EQT and GIC are looking to support Calisen’s long-term prospects by driving the continued rollout of its energy transition-related assets, both in the UK and abroad. It will also explore expanding into adjacent sectors, such as smart water metering.
The transaction was announced on 2 December 2024 and is subject to customary regulatory approvals.
Simpson Thacher’s cross-practice team includes Amy Mahon, Paul Foote, Laura Harris, Bella Sullivan, Tory Hansen, Beanka Chiang, Matt Fowler, Oliver Heighton and Cie Jen Wong (Corporate), Josh Buckland and Lina Kim (Antitrust), Sarah Lindley, Chris Dorman and Daniel Griffiths (Tax) and Owen Lysak, Nicholas Westbrook, Jack Harrison, Lucy Jack and Ruben Tjon-A-Meeuw (Regulatory).