Good evening,

ChargeNet seems keen to dominate the New Zealand market.

Street Talk understands the company, which bills itself as the country’s largest EV charging network, is chasing $27.5 million ($NZ30 million) in equity capital to supercharge its growth.

ChargeNet, founded in 2015 by tech entrepreneurs Steve and Dianna West, is busy pulling together a public electric vehicle charging network with en route and destination charges across New Zealand. The raise is being managed by PwC’s Regan Hoult and Andrew Keenan, a partner and director in the corporate finance team, who began marketing the raise in March with a nine-page flyer.

Interested parties were told over 90 per cent of New Zealand’s EV owners are registered with ChargeNet. Its network of over 370 fast charging points is more than double that of competitors Tesla and BP, according to the flyer.

Read the full story tomorrow and more on the Street Talk page.

• Telstra is mulling a strategic review for its health business, less than two years after it absorbed patient management play MedicalDirector.
• Jefferies has pinched a new equities head from Goldman Sachs, with Mario Argyrides swapping investment banks.
• It turns out APM Human Services wasn’t so “disappointed” in Madison Dearborn Partner’s$1.40 per share takeover bid after all.

• CVC Capital Partners co-founder Donald Mackenzie is expected to net up to €150 million from its IPO, Financial Times reports.
• Some of the United States’ biggest pension funds want Richard Goyder off the Woodside Energy board, Ben Potter and Hannah Wootton write.
• Deutsche Bank and Gemi Investments are battling to keep other lenders to Jon Adgemis’ empire on side as they negotiate a refinancing.

Telstra’s Health unit is a black box, reporting its revenue numbers under a non-discreet “other” category – and only revenue. Revenue hit $305 million in financial year 2023, an increase of $62 million on the prior year thanks to organic growth and the MedicalDirector and PowerHealth acquisitions.

Click here for the latest equity market wrap.