Deal: Hive advised Origin on the sale of Acumen, its smart metering business, to intelliHUB, which is to be jointly owned by Pacific Equity Partners and Landis + Gyr.
Value: $267 million.
Key players: The Hive team was led by principals Jeremy Snow, Andrew Brookes and Joanna Green.
Deal significance: “Hive’s team is excited to have acted on these arrangements,” the firm noted in a statement.
“They represent a significant development in the competitive metering market in Australia’s National Electricity Market, following major metering regulatory reforms which came into effect in December 2017.”