A consortium of private equity firms completed the acquisition of Calisen for $1.9bn.

A consortium of private equity firms including BlackRock, Goldman Sachs (Merchant Banking Division) and Mubadala, completed the acquisition of Calisen, a smart meter company, for $1.9bn. "The all-cash offer represents an attractive opportunity for all shareholders to crystallise their investment in Calisen in the near term and also provides a meaningful premium to the prevailing share price. We welcome the consortium's support for Calisen's long-standing customer relationships, current high standards for meter operations and customer service through its end-to-end metering offering. We believe that the consortium has considerable experience investing in and supporting similar infrastructure businesses and we are pleased that they intend to support Calisen's strategy and growth ambitions as it continues to deliver on its purpose of accelerating the development of a cleaner, more efficient and sustainable energy segment," Phil Nolan, Calisen Chairman.