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Ventia advised on cross-border acquisition of Broadspectrum
Infrastructure services company Ventia has been advised on its acquisition of Broadspectrum from publicly listed Spanish parent company Ferrovial, for an equity value of $485 million.
Jerome Doraisamy
Firm: Herbert Smith Freehills (Ventia), Gilbert + Tobin and Uria Menendez (Australian and Spanish legal counsel to Ferrovial, respectively), Goldman Sachs (financial adviser, Ferrovial).
Value: $485 million.
Area: M&A.
Key players: The HSF team was led by partner Damien Hazard, senior associate Tom Hoare and solicitor Alexandra Thams, who together oversaw a multi-jurisdictional, cross-practice team of over 50 lawyers across Sydney, Melbourne, London, Malaysia and Singapore.
Deal significance: Speaking about the transaction, Mr Hazard said: “Ventia, CIMIC and Apollo are all significant and longstanding clients of Herbert Smith Freehills and, more specifically, our private equity team in Sydney. We previously advised CIMIC on the original 2015 transaction to create Ventia and continue to advise CIMIC and Apollo on a range of M&A and infrastructure transactions in Australia.”
“It was our pleasure to assist Ventia with this latest strategic transaction involving lawyers from across the firm’s global network,” he said.
HSF head of global M&A Gavin Davies added: “It was great to be able to deploy our sector expertise in private equity and infrastructure, and a team from across our Australian and European platform, to help Ventia realise its ambitions.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.
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