Keppel Infrastructure Trust to acquire remaining 30% stake in Ventura Motors

By Global Infrastructure Sherpa · May 28, 2024

Acquisition Transport announced Melbourne, Australia May 28, 2024

USD54M

Deal Value

operating

Stage

Ventura Motors

Project

Keppel Infrastructure Trust (KIT) will acquire the remaining 30% stake in Australian bus operator Ventura Motors for A$54 million, increasing its ownership to 100%. The acquisition is expected to be completed in the second half of 2024.

Source Intelligence

KEY DETAILS

KIT’s assets under management will grow from S$8.1 billion as at 2 January 2024 to approximately S$8.8 billion [2] upon the completion of the acquisition.

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Location

Ventura provides essential transport services and has the largest market share of public bus services in Victoria, operating approximately 530 routes out of Melbourne’s ~1,200 total routes.

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Financials

This acquisition has been funded by a term loan facility.

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Announcement

03 June 2024

PARTIES MENTIONED IN SOURCE

Keppel Infrastructure Trust buyer

"Keppel Infrastructure Trust (KIT), is pleased announce that it has completed its acquisition of approximately 97.68% [1] interest in Ventura Motors Pty. Ltd."

Ventura Motors Pty. Ltd. seller

"Keppel Infrastructure Trust (KIT), is pleased announce that it has completed its acquisition of approximately 97.68% [1] interest in Ventura Motors Pty. Ltd. (Ventura)."

high quality Enriched Feb 19, 2026