TPG Acquires Majority Stake in Kinetic
Global private equity firm TPG will acquire a 70% stake in transport operator Kinetic, becoming its majority shareholder through the TPG Rise Climate fund.
The transaction, subject to regulatory approvals, will see OPTrust exit its position, while Foresight Group will retain a 30% holding.
Kinetic is Australasia's largest mass transit operator and majority owner of the UK's Go-Ahead Group, operating over 12,000 buses and 400 trains across seven countries.
TPG Rise Climate fund acquires majority stake in Kinetic.
Author's summary: TPG acquires 70% stake in Kinetic.
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