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AUTOMOTIVE & TRANSPORTATION | Transportation Services

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About NZ Bus

NZ Bus is a public bus operator.

NZ Bus Headquarter Location

2-12 Allen Street


New Zealand

+64 048024100

Latest NZ Bus News

UBS gets on Next Capital’s NZ Bus

Dec 1, 2021

Share Next Capital has mandated UBS to roadtest potential buyer appetite in its urban buslines business NZ Bus. It is understood Next Capital has asked UBS to go back to a handful of tyrekickers that had turned up on its doorstep, to see whether they’re serious about paying up for NZ Bus. Next Capital bought NZ Bus from dual-listed Infratil in 2019. AFR NZ Bus is one of New Zealand’s biggest bus operators with more than 700 buses across its 13 depots. The 30-year old company services Auckland, Wellington and Tauranga, mostly running contracts on behalf of local governments. Next Capital only bought NZ Bus in September 2019, taking it off dual-listed infrastructure investor Infratil for about $230 million. The firm has started trying to electrify NZ Bus’ portfolio and NZ Bus this year agreed to roll out 53 electric vehicles across Auckland and Wellington. Advertisement While it seems early for Next Capital to have called in the bankers and to be considering an exit, it’s understood the suitors turned up unannounced. Buses have become hot property on both sides of the Tasman, with infrastructure investors drawn to their long-term government contracts. The talks come only four months after KKR & Co agreed a $NZ500 million deal to acquire privately owned Kiwi bus and coach company Ritchies Transport. KKR’s infrastructure arm was responsible for the investment. KKR’s a logical party to be sniffing around NZ Bus. Another player keen to grow on both sides of the Tasman is Kinetic, backed by Canada’s OPTrust and Australian investment firm Infrastructure Capital Group. Get a first look at tomorrow's headlines Sign up to the Street Talk First Look newsletter

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