Street Talk

UBS, Barrenjoey on board for $NZ850m Infratil raise

Sarah Thompson, Kanika Sood and Emma Rapaport

Jun 7, 2023 – 7.40am

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UBS and Barrenjoey are the joint underwriters and bookrunners as infrastructure investor Infratil raises $NZ850 million ($774 million) to partially finance the acquisition of a 49.9 per cent stake in One NZ.

The raising will be in two parts. A fully written placement and a non-underwritten retail share offer to raise $NZ100 million. Australian shareholders will be able to subscribe for up to a maximum $45,000.

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

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com