Blackrock Alternatives Management, LLC, Mubadala Investment Company PJSC, West Street Infrastructure Partners, Goldman Sachs Asset Management International Ltd. and Calisen Group (Holdings) Limited agreed to acquire Maple TopCo Limited from Equitix Limited on November 22, 2022. The acquisition is being funded through an all stock consideration in the Calisen business. The existing shareholders will also sell down a minority secondary stake in Calisen to Equitix as part of the transaction.

Following the transaction, Sean Latus will be the CEO of the combined company and its headquarters will remain in Manchester, England. The transaction is expected to complete in 2023. Macquarie Capital acted as the financial adviser to Calisen.

Credit Suisse acted as financial advisor to Equitix in the transaction. Hughes, Nicholas of Clifford Chance Europe Llp acted as legal advisor to Calisen Group (Holdings) Limited. As of March 13, 2023, CMA is investigating the transaction and has sent invitation to all the interested parties to comment on the transaction on or before March 27, 2023.

As of March 27, 2023, Competition and Markets Authority has launched the merger inquire and has a deadline of May 26, 2023 for its phase 1 decision. As of May 18, 2023, The Competition and Markets Authority has cleared the deal. Ben Perry, S. Eric Wang and Juan Rodriguez of Sullivan & Cromwell LLP (UK) acted as legal advisor to Calisen Group (Holdings) Limited and West Street Infrastructure Partners.