Street Talk

Miles Advisory puts taps biz Billi on the boil

Anthony Macdonald, Sarah Thompson and Kanika Sood

Mar 1, 2022 – 5.01pm

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A merger between a couple of big global drinking water services company is set to squeeze out Australia’s No.2 water filtration and taps business Billi.

Street Talk understands Billi’s owner, UK-based Waterlogic Group Holdings, has mandated Sydney firm Miles Advisory to find a buyer for the “under the sink” water systems business, which makes nearly $15 million a year in earnings.

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.

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.