Good evening,

There’s a new owner in store for renewable energy infrastructure developer Edify Energy.

In what’s expected to be the first of a wave of deals in the batteries space, Edify has tapped ICA Partners to find a majority investor for its 150 megawatts of lithium-ion battery storage systems.

The company, which has three co-located systems in NSW, sent out flyers to interested parties this week, emphasising that it already has battery storage service agreements in place for all of its 150MW.

Investor appetite for such assets will be on show through the process and could set the tone for future deals.

Elsewhere, the pressure is on APM Human Services, SiteMinder and Ventia Services to drag this year’s IPOs into positive territory by the end of 2021; Pet Circle is raising between $200 million to $250 million in what will be one of the year’s biggest local VC rounds; Cars24 has secured $100 million in debt from IFM; and encrypted file sharing platform Cocoon Data is raising $5 million in a pre-IPO funding round.

Happy reading,

Anthony Macdonald, Yolanda Redrup and Kanika Sood

Street Talk editors