M&A Deal Summary

Five V Capital Acquires APP

On May 4, 2021, growth capital firm Five V Capital acquired business services company APP from Ventia Services

Acquisition Highlights
  • This is Five V Capital’s 1st transaction in the Business Services sector.
  • This is Five V Capital’s 2nd transaction in Australia.
Investment Fate
  • APP was sold to a publicly-traded strategic buyer in 2024.

M&A Deal Summary

Date 2021-05-04
Target APP
Sector Business Services
Buyer(s) Five V Capital
Sellers(s) Ventia Services
Deal Type Divestiture

Target

APP

Sydney, Australia
APP is an integrated infrastructure and property consultancy that offers services across all phases of the capital investment lifecycle - strategy, definition, delivery, and transition - to both government and private clients on major infrastructure and property projects across the defense, health, education, retail, transport, utilities, and industrials sectors. APP was established in 1989 and is based in Sydney.

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Buyer(S) 1

Buyer

Five V Capital

Investor Investor Investor


Category Growth Capital Firm
Founded 2016
PE ASSETS 550M AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Five V Capital is a private equity firm focused on investing in and acquiring mid-sized companies in Australia and New Zealand. The Firm will consider businesses in the healthcare, retail, media, consumer, technology and financial services valued from $20 to $200 million. Five V prefers established companies that lead their respective markets, with positive cash flow and strong growth potential. Five V Capital was formed in 2016 and is headquartered in Sydney.


DEAL STATS #
Overall 4 of 25
Sector: Business Services M&A 1 of 3
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 2 of 17
Year: 2021 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-11 Totara

London, United Kingdom

Totara builds employee engagement, learning, and performance management technologies that enable large multinational corporations, government entities, and mid-market companies to deliver enterprise-level talent and workforce experiences. Its products are highly flexible and bring powerful freedoms to all organizations with formal and informal learning needs, both within the workplace and the extended enterprise. Totara was formed in 2010 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-22 Education Perfect

Dunedin, New Zealand

Education Perfect offers a world-class set of tools for learning, revision, and assessment, enabling 21st-century practices for school years 5 to 12, across all subject areas. Education Perfect is based in Dunedin, New Zealand.

Sell -

Seller(S) 1

SELLER

Ventia Services

North Sydney, Australia

Category Company
Founded 2015
Sector Infrastructure
Employees35,000
Revenue 6.1B AUD (2024)
DESCRIPTION

Ventia Services infrastructure services provider that offers long-term operation, maintenance, and management of critical public and private assets and infrastructure across telecommunications, transport, local government, water, power generation, electricity, gas, healthcare, education, resources, and defense industries. Ventia Services was founded in 2015 and is based in North Sydney, Australia.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Broadspectrum Pty

North Sydney, Australia

Broadspectrum Pty Ltd. is a provider of essential services to critical community assets and infrastructure. The company's approach integrates a focus on optimizing performance, integrity, and output of clients’ businesses and assets to deliver real business outcomes safely and responsibly, with a diverse, collaborative and caring workforce. Broadspectrum was formed in 2001 and is based in North Sydney, Australia.

Buy AU$485M