Macquarie to sell Uon; KKR’s big back ers; Igneo’s auction win

Good evening,

There was more infrastructure M&A action on Monday.

Macquarie has put its water and energy services company Uon on the block, and Igneo has bought solar farms portfolio Elliott Green Power.

MA Moelis is running the sale for Uon, which services mine sites and other remote areas.

The business expects $30 million in EBITDA this financial year, and is likely to get looked at by remote power players Zenith Energy, Pacific Energy and Energy Developments (and their financial sponsors).

We also have the low-down on who KKR’s partners are in its mega bid for Ramsay Health. Turns out it’s not just superannuation funds that are interested but also Middle Eastern sovereign wealth funds.

Elsewhere, Street Talk has spotted Mirvac launching a bid for AMP’s office fund with backing from key investors, and Bevan Slattery’s FiberSense is rebooting a Series B raising.

Happy reading,

Anthony Macdonald, Sarah Thompson and Kanika Sood
Street Talk Editors