Investment Summary

IFM Investors Private Equity Invests In Smart Urban Properties Australia

On July 20, 2023, private equity firm IFM Investors Private Equity invested in utilities company Smart Urban Properties Australia

Investment Highlights
  • This is IFM Investors Private Equity’s 5th transaction in the Utilities sector.
  • This is IFM Investors Private Equity’s 9th transaction in Australia.

Investment Summary

Date 2023-07-20
Target Smart Urban Properties Australia
Sector Utilities
Investor(s) IFM Investors Private Equity
Deal Type Growth Capital

Target

Smart Urban Properties Australia

South Melbourne , Australia
Smart Urban Properties Australia is an unified services provider of converged utilities and communications infrastructure, integrated in-building technologies, platforms and smart apps for multi-occupant properties. Smart Urban Properties Australia was founded in 2022 and is based in South Melbourne, Australia.

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Investor(S) 1

Investor
DESCRIPTION

IFM Investors Private Equity is the private equity arm of global investment manager IFM Investors. IFM Investors Private Equity looks to acquire and invest in mid-sized Australian and New Zealand companies focused on growth. The Group is sector agnostic with a preference for healthcare, consumer brands, technology/media, and business services companies. IFM Investors Private Equity is based in Melbourne.


DEAL STATS #
Overall 26 of 28
Sector: Utilities M&A 5 of 5
Type: Growth Capital M&A Deals 2 of 3
Country: Australia M&A 9 of 11
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-31 GreenGasUSA

North Charleston, South Carolina, United States

GreenGasUSA is a renewable natural gas (“RNG”) developer, owner, and operator that utilizes mature technologies to capture, purify and transport biogas from existing organic waste streams for its end use as pipeline quality RNG. GreenGasUSA is based in North Charleston, South Carolina.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Tally Group

Cremorne, Australia

Tally Group is a software solutions provider specializing in the utility retail sector. The company's multi-faceted approach to solving complex business challenges involves enabling utility retailers to adapt to a more modern, decentralized, decarbonized, and digital landscape. Tally Group is based in Cremorne, Australia.

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