Debt Awards for Excellence

Calvin is delighted to announce its recent success in being awarded the Debt Award of Excellence 2015 by Infrastructure Investor*. Calvin was nominated in the hotly contested European Energy category by Crédit Agricole CIB one of the six MLA’s involved alongside Calvin in the orchestration of the rollout of a £1 billion government mandated programme to install smart meters in all homes and small businesses by 2020.

Infracapital, the European infrastructure equity arm of Prudential, the UK’s largest pension fund committed around £250 million in equity. The European Investment Bank supported the transaction with a £360 million term loan. The six MLAs then provided £390 million of commercial debt.

The funds raised will be used to buy and install circa seven million smart meters across the UK. Smart meters and energy efficiency schemes are considered a vital component to helping countries meet their low carbon emissions standards. This deal has been celebrated not only for its breadth of coverage, but also for its political initiative, helping the UK meet its own carbon goals.

*Infrastructure Investor - a global media company reporting on the flow of private capital into infrastructure projects around the world. With its dedicated team of journalists and researchers in London, New York and Hong Kong, Infrastructure Investor delivers an authoritative mix of news, data and analysis of the funds, deals, people and trends shaping the market. Infrastructure Investor is published by PEI, the only global B2B information group focused exclusively on private equity, private real estate, private debt, infrastructure and agri investing.