Macquarie-backed energy proptech Active Utilities hits auction block

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Macquarie and Melbourne’s Beck Corporation have begun sounding out potential buyers for the company which sells utilities solutions to apartment blocks.

Macquarie joined Active Utilities’ register in 2019 as a 25 per cent owner alongside the Becks. It’s a small deal by Macquarie’s standards. The bank is more often seen around assets the size ofHowever, Active Utilities is seen by bankers and investors as a business with solid potential for growth, and is expected to fetch between $100 million and $150 million.

Its clients have included the 305-hectare Essendon Fields, where it provides infrastructure and facilities management for the entire development including billing, administration and a 24/7 help desk for tenants.

 

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