Calisen has completed the acquisition of MapleCo after receiving relevant regulatory clearances

On 22 November 2022, Calisen Group (Holdings) Limited, with the support of its investors BlackRock Alternatives, Mubadala Investment Company and the Infrastructure business within Goldman Sachs Asset Management, announced it had agreed to acquire MapleCo to extend its services to more UK energy retailers in support of its mission – Smarter Energy for All.

 

The acquisition was subject to various regulatory approvals. The Boards of Calisen and MapleCo are today pleased to confirm that the transaction has completed, having received clearance from the UK Competition and Markets Authority following its Phase I review and all other necessary regulatory clearances.

 

The transaction will enable Calisen to continue its mission to deliver Smarter Energy for All, reaching more customers and continuing to grow in new sectors including EV charging and the electrification of heat. MapleCo will benefit from being part of an enlarged group with high levels of customer service and a broader service offering.

 

Sean Latus, Chief Executive of Calisen, said: “I am delighted that our proposed acquisition of MapleCo has today completed having received all necessary regulatory approvals. We will now focus on the integration of MapleCo, which will enable us to enlarge our customer base and further deliver Smarter Energy for All. In the meantime, we will continue to provide a safe and high quality service to all our customers and I welcome MapleCo and its team into our Group."

 

Macquarie Capital acted as the financial adviser to Calisen.