Global law firm Clifford Chance has advised private equity firm Five V Capital and other shareholders on the sale of Australia’s leading property and infrastructure advisory firm The APP Group to Bureau Veritas, a global leader in testing, inspection and certification (TIC) services. The transaction positions The APP Group to further expand its Building and Infrastructure capabilities across Australia and the wider Asia Pacific region.
The transaction is subject to regulatory approval and is expected to complete in late 2024.
Lead partner Jacob Kahwaji said, “We have enjoyed working alongside Five V Capital and The APP Group’s management team to bring this significant cross-border transaction to fruition. Having been part of the journey since Five V first acquired its interest in 2021, it has been a privilege to witness the growth and success of The APP Group and we look forward to seeing its continued success as part of the Bureau Veritas Group.”
Jacob was supported by associates Evan Thomson and Jae-Ho Kim.
The APP Group’s services span across key sectors including Transport, Property, Social Infrastructure, Modern Methods of Construction, and Defence and Security. It has supported the delivery of some of the largest and most complex infrastructure projects in Australia.
Created in 1828, Bureau Veritas’ 83,000 employees deliver services in 140 countries. The company’s technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability. It is listed on Euronext Paris.
Clifford Chance previously advised Five V Capital on its acquisition of The APP Group in 2021. The firm also previously advised on Five V’s investment in BioPak, acquisition of Sea to Summit and acquisition and sale of Zenith Investment Partners.
