KKR Infrastructure’s acquisition of Calvin Capital from Infracapital


Hogan Lovells has advised Infracapital on the sale of Calvin Capital, the domestic energy metering business, to KKR Infrastructure Fund II for an undisclosed sum.

Hogan Lovells has advised Infracapital Fund I and Infracapital Fund II, each managed by M&G Investments, as the joint owners of Calvin Capital on the transaction.

Hogan Lovells has also acted for Calvin Capital in connection with their metering projects for many years. This transaction is the culmination of a highly successful ownership strategy for Infracapital.

In December last year the firm advised Calvin Capital on the Meter Fit 5 Project – a £1 billion financing – and in May on the Meter Fit 10 Project. Each of these support the UK government mandated smart meter mass roll-out programme to finance seven million smart meters to be installed in UK homes.

Lead London infrastructure and energy partner Philip Brown (Picture) advised Infracapital, with associate Elisabeth Bennett. They were supported by London partners Angus Coulter (antitrust) and Ed Harris (private equity), and counsel Kavita Kishor (project finance).

Involved fees earner: Philip Brown – Hogan Lovells; Elisabeth Bennett – Hogan Lovells; Ed Harris – Hogan Lovells; Angus Coulter – Hogan Lovells; Kavita Kishor – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Infracapital;