The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Calisen and MapleCo of the UK by BlackRock Alternatives Management, LLC (‘BlackRock’), The Goldman Sachs Group, Inc. (‘Goldman Sachs’), both of the US, Mubadala Investment Company PJSC (‘Mubadala’) of the United Arab Emirates and Equitix Holdings Limited (‘Equitix’) of the UK.
Calisen and MapleCo are meter asset providers active in the UK. Calisen is currently jointly controlled by BlackRock, Mubadala, and Goldman Sachs. MapleCo is currently solely controlled by Equitix. BlackRock is a global investment management company which offers portfolio construction, asset management and investment advisory services. Goldman Sachs is a global investment banking, securities and investment management firm active worldwide. Mubadala is an investment management company active in a variety of industries. Equitix is an investor, developer and long-term fund manager of core infrastructure and energy-efficiency assets.
The Commission concluded that the proposed acquisition would raise no competition concerns given that the joint venture would have negligible actual or foreseen activities within the European Economic Area. The transaction was examined under the simplified merger review procedure.