23 January 2012
Ventura Motors investment
Funds advised by Intermediate Capital Asia Pacific Limited and ICG plc underwrote, led, managed and arranged, AUD155 million of mezzanine and equity capital in support of the acquisition of Grenda Transit Management by Ventura Motors. The combined entity will operate more than 1,250 buses and employ over 2,300 staff in Victoria, Australia.
Ventura Motors emerged as the winner of a competitive sale process over several large listed and international transport companies.
The transaction completed on 23 January 2012.