HSBC’s bankers are on the scene at Magnis Energy Technologies’ battery manufacturing business, seeking equity investors to fuel expansion plans alongside a mooted US-government sponsored debt facility.
Street Talk can reveal HSBC’s bankers have made a six point pitch for Imperium3 New York (iM3NY), the US “gigafactory” battery maker that wants to ramp up production more than 30-times before the end of the decade and is about 60 per cent owned by ASX-listed Magnis Energy.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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. Email Sarah at sarah.thompson@afr.com
