TPG/Kinetic
Transaction details
The proposed acquisition by funds managed and/or advised by affiliates of TPG Inc., through Koala Bidco, Pty. Ltd of joint control of Kinetic TCo Pty Ltd has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:3 December 2025
- Publication date:3 December 2025
- Economic sector:Transportation & storage - H
- Economic sub-sector:Land & pipeline transport - H.49
- Simplified merger:Yes
- Outcome:Cleared
Documents
M.25.082 Merger AnnouncementPDF | 136 KBM.25.082 Merger Announcement PDF | 136 KB - Opens in new window
M.25.082 DeterminationPDF | 257 KBM.25.082 Determination PDF | 257 KB - Opens in new window
Timetable
Parties Involved
TPG Inc.
TPG Inc., is a alternative asset management firm incorporated in the USA. TPG indirectly controls several portfolio companies which are active in the State.
Koala Bidco, Pty. Ltd is a special purpose vehicle incorporated for the purpose of the Proposed Transaction.
Kinetic TCo Pty Ltd
Kinetic TCo Pty Ltd is a holding company for Kinetic Holding Company Pty Ltd and the Go-Ahead Group. The Go-Ahead Group is active in the supply of bus services in the State.
Contacts
Éadaoin Burns
