Street Talk

Intellihub puts finishing touches on $500m debt raising

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 10, 2023 – 2.37pm

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Intellihub, the smart meters play backed by Brookfield and Pacific Equity Partners, is set to return from its debt capital markets trip with $500 million in tow after a surprise leg-up from rival Vector Metering’s recent troubles.

Street Talk understands Intellihub had bids for well above its original $500 million ask when its internal deal team shut the gates last week.

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.