Kinetic considers strategic review, capital partners

Kinetic acquired Go Bus and NZ Bus in New Zealand. (Image: Kinetic)

Mon, 08 Jan 2024

The largest bus operator in New Zealand and Australia is expected to hire investment bank advisers this month to conduct a strategic review of its business and seek outside capital partners.As reported by the AFR’s Street Talk on Sunday, Kinetic Group’s owners reportedly ran a selection process for investment advisers in December, intending to mandate a bank to conduct the review in January.Sources told Street Talk the business could be worth more than A$4 billion (NZ$4.3b). If Kinetic proceeded with the search for a capital partner...

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