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Sale of APP Corporation to Five V Capital

Ventia has entered into a share sale agreement with Five V Capital, to divest APP Corporation. The transaction is expected to complete in March 2021.
Sale of APP Corporation to Five V Capital

The transaction will also provide the opportunity for a number of APP’s leadership team to become shareholders in the business. This ownership interest will reinforce our customer-centric delivery model and renewed focus on growth, while reinforcing the long-term career opportunities for our staff.

APP’s Chief Executive Officer, Adam Castro, says: “We are excited by the opportunity to partner with Five V Capital and continue APP’s growth and evolution. This transaction enables APP to remain truly independent, whilst leveraging the benefits of reinvigorated ownership and an aligned vision of delivering quality outcomes for clients and growth for our people. Along with the broader APP management team I am excited for what’s ahead and welcome Five V Capital to the APP journey”.

Five V Capital is a private equity fund manager based in Sydney with over $900 million of funds under management. Five V Capital’s current portfolio contains several leading businesses in a diverse range of sectors, including ed-tech, apparel retail, financial services and business process outsourcing. Five V Capital is underpinned by a philosophy of alignment and seeks to invest alongside management teams to support business to grow and create sustainable, market leading positions in their core markets.

Five V Capital Founding Partner, Srdjan Dangubic, says: “We’re pleased to be partnering with the APP team to accelerate our shared vision for the business. APP is highly respected in the infrastructure and property industry, with a 30+ year track record of delivering quality advice and outcomes for clients. We are keen to support Adam and the APP team to continue to deliver on the substantial opportunities we see ahead for the business.”

The transaction includes APP’s commercial real estate subsidiary CI Australia, compliance and auditing business AQUAS, and recruitment specialist Appoint Consulting.

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