Infracapital agrees sale of Calvin Capital to KKR
06 December 2016
agreed to sell 100% of the equity of Calvin Capital (“Calvin”), a leading provider of gas and
electricity meters to energy suppliers in the UK, to KKR, a leading global investment firm.
financed the procurement and installation of over six million meters, including c. two million smart
meters, which allow consumers to better manage their energy use and energy companies to
better manage their customer relationships.
Government’s plans to install a smart meter in every home and business in Great Britain by 2020.
The company has already secured contracts for over eight million smart meters in total.
become a leading meter asset provider with significant smart meter contracts secured. This
transaction is testament to the entrepreneurial spirit and hard work of both the Infracapital and
Calvin teams. We are confident that Calvin will continue to flourish under its new ownership and
we wish the business and all its employees every success in the future.”
from strong market positioning thanks to its exceptional management team, effective asset
management and tried, tested & scalable IT systems. Calvin is perfectly positioned to support the
UK Government’s plan to further roll out smart meters thanks to its strong track record of delivery
and strong relationships with the UK’s leading energy suppliers.”
provider of smart meters with significant further growth potential. Smart meters play a crucial role
in energy efficiency and improving affordability for customers and the support of a leading global
investor such as KKR will allow us to further strengthen our platform and enhance our offering.
last 10 years and are excited to be working with KKR through the next phase of our growth.”