CIMIC and Apollo Global Management Sell $250m Ventia Services Block
May 11, 2023
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On Thursday night, CIMIC and Apollo Global Management offloaded a large block of shares worth $250m in Ventia Services ($ASX:VNT) Group. Ventia Services Group is an Australian listed company which provides specialist services to the infrastructure, energy and resources sectors. The divestment of the $250m block of shares highlights the ongoing success of Ventia Services Group, which has seen strong growth since its founding.
The company has a strong portfolio of projects across various sectors and has won several awards for its commitment to safety, innovation and sustainability. Apollo Global Management’s exit from the company is indicative of the confidence investors have in Ventia’s future.
Price History
This block comprises a portfolio of environmental services and industrial services businesses. Following the news, the stock of VENTIA SERVICES opened at AU$2.4 and closed at AU$2.6, up by 2.4% from the previous closing price of 2.5. The divestments of the two companies are part of their strategy to focus on core markets and maximise value creation. CIMIC Group Limited is an Australian-based infrastructure, mining and services company, while Apollo Global Management is a leading global alternative investment manager.
The proceeds from the divestment will be used to reduce debt, strengthen capital base and accelerate the growth of the two companies. The two companies have also committed to retain existing staff levels and maintain customer relationships. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Ventia Services. More…
| Total Revenues | Net Income | Net Margin |
| 5.17k | 191.2 | 3.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Ventia Services. More…
| Operations | Investing | Financing |
| 289.9 | -50.1 | -139.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Ventia Services. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.86k | 2.34k | 0.61 |
Key Ratios Snapshot
Some of the financial key ratios for Ventia Services are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 4.8% |
| FCF Margin | ROE | ROA |
| 4.9% | 34.2% | 5.5% |
Analysis
GoodWhale has conducted an analysis of VENTIA SERVICES‘ wellbeing and has determined it to be a medium risk investment in terms of financial and business aspects. Our Risk Rating system, which takes into consideration various elements such as balance sheet, cashflow statement, and non financial, has detected three risk warnings that prospective investors should be aware of. To find out more on these warnings, we suggest registering on our website at goodwhale.com. We have put into place a comprehensive system that takes into account the everchanging needs of our customers and provides an accurate assessment of the risks associated with investing. We believe in helping our customers make informed decisions about their investments, and providing them with the most up-to-date information available. Our team of experts is dedicated to helping our customers make the best investment decisions possible. More…
Peers
It is one of the leading players in the industry, competing alongside other major players like AVADA Group Ltd, IAR SA Brasov, and Atlas Arteria Ltd. All of these companies are dedicated to providing quality services that meet customer needs.
– AVADA Group Ltd ($ASX:AVD)
Founded in 2009, FADADA Group Ltd is a leading provider of online legal services. Its software solutions enable legal professionals to create, sign, store, and manage legal documents online, reducing costs and improving efficiency. As of 2023, the company has a market cap of 37.37M and a Return on Equity of -11.7%. This implies that the company’s shareholders are not receiving a satisfactory amount of returns on their investments. Furthermore, their market cap is lower than other competitors in their industry, suggesting that their stock price may be undervalued.
– IAR SA Brasov ($LTS:0R9J)
Atlas Arteria Ltd is a listed global infrastructure company that invests in toll road and airport assets. As of 2023, Atlas Arteria has a market capitalization of 9.43 billion and a Return on Equity (ROE) of 4.24%. The company’s market cap reflects its strong performance, as the ROE suggests that it is generating a healthy return for its shareholders. The company’s portfolio includes investments in airports, toll roads, and other transportation assets, giving it an impressive range of infrastructure assets. With an experienced and dedicated leadership team, Atlas Arteria is well-positioned to continue delivering value to its investors.
Summary
Ventia Services Group has seen a surge in investor interest, resulting in an $250 million block trade by CIMIC Group and private equity firm Apollo Global Management. Analysts are optimistic about the company’s growth potential, with many suggesting that Ventia’s service offerings and focus on infrastructure development should make it an attractive stock for investors. Additionally, Ventia’s strong financials, experienced management team, and flexible capital structure suggest that it is well positioned to capitalize on favorable market conditions. All in all, analysts believe Ventia Services Group has the potential to become a key player in the infrastructure sector.
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