Ashurst Advises Foresight on A$4 Billion Sale of Kinetic to TPG Rise Climate Fund

"Ashurst advised Foresight Group on the sale of a 70% stake in Kinetic to TPG's Rise Climate Fund, valuing the business at over A$4 billion; Foresight retains 30%. The deal followed an 18-month global auction and is subject to regulatory approvals. Kinetic is Australasia’s largest mass transit operator."

Ashurst advised Foresight Group in relation to the sale of a 70% stake in Kinetic to TPG's Rise Climate Fund. The transaction involved the sale of 70% of Kinetic, valuing the business at over A$4 billion. Under the agreement Foresight Group retained a 30% stake. The process followed a complex 18-month global auction and the agreement remains subject to regulatory approvals. Kinetic is Australasia’s largest mass transit operator, delivering urban, regional and specialist transport services across Australia, New Zealand and the UK. With more than 12,000 buses, 400 trains and over 36,000 employees worldwide, Kinetic plays a significant role in connecting communities and advancing the transition to zero-emission public transport. Ashurst represented Foresight Group with a team composed by: partners Nigel Deed (lead), Anita Choi, Christy O'Connell, Isabelle Lentz and Helen Burton; counsel Katherine Williams; senior associates David Donaldson, Bill Lo and Timothée Gras; and lawyers Gerard McGookin and Rosie Swanborough.

Ashurst Advises Foresight on A$4 Billion Sale of Kinetic to TPG Rise Climate Fund

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