King & Wood Mallesons (KWM) is pleased to have acted as lead sell-side legal adviser on the sale of a majority stake in Kinetic to global private equity firm TPG.
Kinetic, currently jointly owned by Canadian pension fund OPTrust and UK-based Foresight Group, provides essential public transport and airport transfer services across Australia, New Zealand, the United Kingdom and Europe.
The acquisition, completed through TPG’s Rise Climate Fund and Climate Transition Infrastructure Fund, marks a significant milestone in Kinetic’s growth journey.
This complex cross-border transaction drew on KWM’s expertise and bench-strength across M&A and private capital, leveraged finance, real property, tax and competition.
The KWM team advising Kinetic included Partners Nicola Charlston (M&A), Dan Flanagan (Finance) Frankie Giorlando (Real Estate), Special Counsel Ned Sutton, Senior Associates Amanda Kazacos, Associate Peter Henshall and Solicitor Clare Magee.
Commenting on the deal, Partner Nicola Charlston said:
“We are delighted to have acted as lead sell-side counsel on this important transaction, marking a significant milestone in Kinetic’s ongoing success story. It has been a privilege to have supported Kinetic on its journey over a number of years to become a global leader in delivering sustainable transport solutions.”
This outcome underscores the success of investment strategies built on growth, innovation and decarbonisation and highlights KWM’s role in advising on complex, cross-border private equity and infrastructure transactions.
