TPG to acquire a majority stake in Kinetic.

TPG, a global alternative asset management firm, agreed to acquire a majority stake in Kinetic, a bus operator and multi-modal mass transit operator. Financial terms were not disclosed. “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.