TPG to acquire a 70% stake in Kinetic from Foresight Group and OPTrust for AUD4bn.

TPG, a global alternative asset management firm, agreed to acquire a 70% stake in Kinetic, a bus operator and multi-modal mass transit operator, from Foresight, a private equity investment manager, and OPTrust, a global investor, for AUD4bn. “Kinetic has always been focused on delivering safe, reliable and sustainable transport for the communities we serve. This new partnership with TPG supports our long-term vision and will help us deliver Kinetic to even more communities, and strengthen our commitment to building a net zero transport platform, both here in Australia and New Zealand and globally," Michael Sewards, Kinetic Group Chief Executive Officer.