Street Talk

Core-plus infrastructure owner Infragreen launches IPO for $220m listing

Sarah Thompson, Kanika Sood and Emma Rapaport

May 22, 2025 – 12.27pm

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Recycling and renewable energy projects investor Infragreen Group, led by former Macquarie banker Declan Sherman and backed by furniture billionaire John Van Lieshout, is seeking to list on the ASX just two years after it opened for business.

Street Talk can reveal Infragreen’s bankers, Barrenjoey and Morgans, have mailed out a term sheet for its IPO to raise $40 million, the bulk of which would be used to clear debts of $30.3 million.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.