Next Capital acquired NZ Bus from Infratil for $229m.

Next Capital acquired NZ Bus, New Zealand's largest bus company, from Infratil, a New Zealand-based infrastructure and energy investment group, for $229m. "The conditional sale agreement enables NZ Bus to continue to grow its business and people under new ownership and allows Infratil to focus its investments on its established platforms targeting renewable energy, retirement services, and growth in data and connectivity" said Morrison & Co executive and NZ Bus Chairman Kevin Baker.