Next Capital acquired NZ Bus from Infratil for $229m.
Next Capital acquired NZ Bus, New Zealand's largest bus company, from Infratil, a New Zealand-based infrastructure and energy investment group, for $229m.
"The conditional sale agreement enables NZ Bus to continue to grow its business and people under new ownership and allows Infratil to focus its investments on its established platforms targeting renewable energy, retirement services, and growth in data and connectivity," said NZ Bus Chairman Kevin Baker.
UBS advised Infratil and Murray & Co advised Next Capital.
Edelweiss looks to raise $643m in financing.
Edelweiss Alternative Asset Advisors, a private equity arm of Edelweiss Capital, is looking to raise $643m for its infrastructure fund, Edelweiss Infrastructure Yield Plus Fund.
“Post the first close, our main focus was on making a few investments. Since then, we agreed to acquire four transmission assets. We have re-initiated our marketing efforts, and apart from top-ups from the existing investors, we are seeing significant interest from both domestic and foreign investors,” said Subahoo Chordia, head of Edelweiss Infrastructure Yield Plus Fund.
Edelweiss marked the first close of the fund in May, raising around $287m and has set itself a target of raising $934m for the infrastructure fund.
