Australia’s Next Capital is exploring a sale of New Zealand’s largest public urban bus transport business, according to people familiar with the matter.
The private equity firm is working with financial advisers to sound out potential bidders for NZ Bus, the people said, asking not to be identified as the process is private. The asset is expected to generate over NZ$40 million ($27 million) in earnings before interest, tax and depreciation this year, and a deal could value the business at as much as NZ$320 million, the people said.
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November 26, 2021 at 10:20AM
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Australia's Next Capital Said to Mull Sale of NZ Bus Service - Bloomberg
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