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Origin Energy had been advised on the sale, by competitive bid, of its Acumen smart metering business to intelliHUB.
Firm: Hive Legal (Origin Energy); Baker McKenzie and Clayton Utz (intelliHUB joint venture).
Value: $267 million.
Area: Corporate.
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.”
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
