So far, Street Talk’s spotted Singapore’s Keppel and local regular QIC readying their binding bids. Stonepeak is understood to have sniffed around Vector’s smart meters but on Wednesday evening, it wasn’t clear where it stood.
They’ve got eight weeks to prepare binding offers with their investment banks - Jarden for Keppel, and JPMorgan and Craigs for QIC.
Vector’s pitch was similar to the one Intellihub’s from last year - large market shares, stable earnings, and growth opportunities in adjacent sectors.
There’s some heavyweight names on the cutting room floor at Vector, after the utility shortlisted parties for its metering auction in the past few days.
It’s back to the future for pub investment outfit Harvest Hotels, which has re-opened a three-year-old fund to help settle its tab on Windsor Castle Hotel in NSW’s Hunter Valley.
Blood plasma biotech Aegros has mapped out plans for $300 million-plus listing on the ASX boards next year, in a bid to lure investors into two nera term private funding rounds.
Non-bank lender Pepper Money has put a $500 million residential mortgage-backed securities transaction to investors, racing out a day after the Reserve Bank’s 25bps cash rate increase.
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