Featured transaction

Sale of NZ Bus to Kinetic

Murray & Co acted as financial advisor to Next Capital on the sale of NZ Bus to Kinetic

Transaction value

Undisclosed

NZ Bus is one of New Zealand’s largest urban bus operators, holding key contracts to operate public bus services across Auckland, Wellington and Tauranga. Next Capital acquired NZ Bus in September 2019. Murray & Co advised Next Capital on that transaction also.

Kinetic operates passenger transit services across Australasia. It owns Go Bus, another New Zealand bus operator, as well as SkyBus in Auckland. Kinetic is owned by OPTrust, one of Canada’s largest pension funds, and Australian investment manager Infrastructure Capital Group.

Please see Kinetic’s media release for more information (https://www.wearekinetic.com/media/kinetic-set-to-welcome-nz-bus-ltd-new-zealands-leading-electric-bus-operator).

The transaction was announced in March 2022, and is due to complete later in the year.