Processing timeline
22
days
Acquirer(s)
VENTURA NEWCO PTY LTD ABN - 43 694 822 047
Target(s) or Vendor(s)
CROWN HYBRID PTY LTD ABN - 47 004 550 529, CROWN COACHES PTY LTD ABN - 48 004 882 213
Other parties
Ventura Bus Lines Pty Ltd ACN - 005 798 121, Ventura Property Management Pty Ltd ABN - 28 100 908 049, Zumba Pty Ltd ACN - 154 324 839, VENTURA MOTORS PROPRIETARY LIMITED ABN - 67 004 235 518, IVANHOE BUS COMPANY PROPRIETARY LIMITED ABN - 57 004 367 962, Keppel Infrastructure Fund Management Pte. Ltd. UEN - 200803959H
Ventura Motors NewCo Pty Ltd, a subsidiary of Ventura Motors, acquired the business assets of Crown Coaches Pty Ltd and Crown Hybrid Pty Ltd. This asset sale involves two metropolitan Melbourne bus operators, both providing public school, private school, and charter bus services. Ventura Motors also offers regional intercity coach transport.
Ventura Motors NewCo Pty Ltd, a wholly owned subsidiary of Ventura Motors Pty Ltd (together with its subsidiaries, Ventura Motors ) proposes to acquire the business assets (including the vehicles, plant and equipment, IP and IP licences, goodwill, and business records) of Crown Coaches Pty Ltd and Crown Hybrid Pty Ltd that constitute the Crown Coaches business ( Crown Coaches ) (the Acquisition ). Ventura Motors is an Australian bus operator primarily active in metropolitan Melbourne. It supplies metropolitan bus services, public school bus services, and private school and other private charter bus services, as well as regional intercity coach transport. Crown Coaches is a family-owned bus operator that supplies public school bus services, and private school and other private charter bus services in metropolitan Melbourne. Both Ventura Motors and Crown Coaches supply bus services in metropolitan Melbourne.