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NZ Super Fund to support the fertility business; Brookfield buys stake in Intellihub

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NZ Super Fund has joined a consortium with Pioneer Capital and Comprador Holdings to purchase a controlling stake in fertility treatment provider Fertility Associates. Meanwhile, Pacific Equity Partners has reduced its stake in Australian smart meter firm Intellihub, following a sale of its community energy services business WINconnect.

NZ Super Fund joins a consortium to support fertility activities

A consortium comprising NZ Super Fund, Pioneer Capital and Comprador Holdings has acquired a controlling stake in New Zealand fertility treatment provider Fertility Associates, according to a statement.

The consortium has bought about 70% of the company while the rest will belong to the doctors and the management team of Fertility Associates.

Fertility Associates provides reproductive support, diagnostic services and fertility treatment in New Zealand and Malaysia. He has helped deliver 25,000 babies in New Zealand and 5,000 babies in Malaysia to date.

“Our investment in Fertility Associates gives us exposure to the New Zealand healthcare sector and aligns with our goal of identifying local businesses where we can add value by investing to help them grow and develop,” NZ Super Fund Head of External Investments and Partnerships Del Hart said in a statement.

The consortium plans to support Fertility Associates’ expansion plan in selected Asia-Pacific countries, expanding its operations beyond Malaysia. The increased investment will allow Fertility Associates to better serve its patients through the adaptation of new technologies and a larger scientific research team.

Brookfield acquires stake in Australian Intellihub

Brookfield of Canada has finalized a deal to buy a 50% stake in Australian smart meter firm Intellihub from Pacific Equity Partners (PEP) and Landis-Gyr for approximately $ 1 billion.

According to a Financial Review report, the Canadian investment infrastructure giant is buying a 20% stake in Intellihub owned by Landis-Gyr and a 30% stake in the Secure Assets Fund from PEP.

PEP is also selling its community energy services business WINconnect to Origin Energy in a related agreement that will add 87,000 integrated electricity and hot water customers to Origin.

The transactions involved an agreement whereby Intellihub will purchase certain of Origin’s integrated grid meters and certain grid meters owned by WINConnect.


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