s the Ventia IPO a good buy? We Ask Hugh Dive from Atlas Funds Management to explain the company, financials and how this company stacks up compared to Downer and other private equity listings. Ventia (VNT) is expected to be one of the larger listings with a market value of between $2 billion to $2.5 billion when it hits the boards in late November 2021. We learn the History of VNT that was formed in 2015 through the carve-out and integration of infrastructure services businesses Leighton Contractors Services, Thiess Services and Visionstream in a partnership between CIMIC and funds managed by PE group Apollo Global Management. In June 2020, Ventia acquired Broadspectrum (previously known as Transfield Services) to form one of the largest infrastructure services companies in Australia and New Zealand. Apollo paid $1 billion for their 50% share of VNT in 2014.
Ventia IPO – Is it a buy? | VNT CIM ASX | IPO Watch
