Add-on Acquisition • Transportation

Keppel Infrastructure Trust Acquires Ventura Motors

On February 5, 2024, Keppel Infrastructure Trust acquired transportation company Ventura Motors from ICG for 600M AUD

Acquisition Context
  • This is Keppel Infrastructure Trust’s 1st transaction in the Transportation sector.
  • This is Keppel Infrastructure Trust’s 2nd largest (disclosed) transaction.
  • This is Keppel Infrastructure Trust’s 2nd transaction in Australia.

Explore All 1752 Add-on Acquisition Transportation Deals - Search the Database Free


M&A Deal Summary

Date February 5, 2024
Target Ventura Motors
Sector Transportation
Buyer(s) Keppel Infrastructure Trust
Sellers(s) ICG
Deal Type Add-on Acquisition
Deal Value 600M AUD

Target Company

Ventura Motors

Dandenong, Australia
Ventura Motors provides shipping and transport. Ventura Motors was founded in 1924 and is based in Dandenong, Australia.
Explore More Deals

Browse All 215,262 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Keppel Infrastructure Trust

Singapore, Singapore

Category Company
Founded 2007
Sector Infrastructure
Revenue 2.2B SGD (2024)
DESCRIPTION

Keppel Infrastructure Trust (KIT) is a diversified business trust listed in Singapore. KIT’s portfolio comprises strategic businesses and assets in the three core segments of Energy Transition, Environmental Services, and Distribution & Storage. These businesses and assets provide essential products and services across a broad range of industries; and generate regular and resilient cash flows, with potential for growth that is supported by favourable long-term market dynamics and demand. Keppel Infrastructure Trust was founded in 2007 and is based in Singapore.


Deal Context for Buyer #
Overall 2 of 3
Sector: Transportation 1 of 1
Type: Add-on Acquisition 2 of 3
Country: Australia 2 of 2
Year: 2024 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Ixom

Victoria, Australia

Ixom is a global chemicals business focused on providing water treatment and chemical distribution services in Australia and New Zealand, with a growing presence in North and South America and Asia.

Buy AU$777M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-10 Global Marine Group

Chelmsford, United Kingdom

Global Marine Group is a provider of engineering and underwater services, responding to the subsea cable installation, maintenance, and burial requirements. Global Marine Group was founded in 1983 and is based in Chelmsford, United Kingdom.

Buy -

Seller Profile 1

SELLER

ICG

London, United Kingdom

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 33.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Intermediate Capital Group (ICG) is a global mezzanine finance firm. IGC looks to provide junior capital to support a wide range of transactions, including buyouts, debt restructurings, and development financing. The Firm generally invests alongside financial sponsors and management teams in transactions valued from €250 million to €1 billion. ICG was formed in 1989 and is headquartered in London.


Deal Context for Seller #
Overall 220 of 225
Sector: Transportation 11 of 11
Type: Add-on Acquisition 68 of 69
Country: Australia 4 of 4
Year: 2024 1 of 3
Size (of disclosed) 44 of 74
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-23 IRIS

Slough, United Kingdom

IRIS is a private software house supplying business management solutions to over 60,000 customers, from start-ups to large organisations. IRIS was founded in 1978 and is based in Slough, United Kingdom.

Sell £3.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-27 Alfa Medicus

Singapore, Singapore

Alfa Medicus is a private day surgery provider, with a focus on delivering cost-effective, surgical care and diagnostic imaging services. Alfa Medicus was founded in 2008 and is based in Singapore.

Buy -