Private equity firm TPG to acquire 70% stake in Australasian largest public transport operator Kinetic

Majority shareholder investment confirmed for major Australasian operator

Image: KineticJust weeks after speculation first arose about its acquisition, Kinetic has confirmed a global firm will become a majority shareholder in the business. Leading global alternative asset management firm TPG has agreed to acquire a 70 per cent equity interest in the business, marking an important step in Kinetic’s journey and leadership in decarbonising transport and supporting zero-emissions transport infrastructure. As a major mass …

Private equity firm TPG to acquire 70% stake in Australasian largest public transport operator Kinetic

Australian public transport operator Kinetic has entered into an agreement with U.S.-based investment firm TPG, under which the latter will acquire a 70 percent equity interest and become the company’s majority shareholder. The transaction, expected to close in the coming months subject to regulatory approvals, marks a new phase in Kinetic’s expansion across zero-emission bus and rail operations in Australia, New Zealand, and international marke…