M&A Deal Summary

Infratil Acquires Stagecoach New Zealand

On November 21, 2005, Infratil acquired transportation company Stagecoach New Zealand from Stagecoach Group for 251M NZD

Acquisition Highlights
  • This is Infratil’s 2nd transaction in the Transportation sector.
  • This is Infratil’s 2nd largest (disclosed) transaction.
  • This is Infratil’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2005-11-21
Target Stagecoach New Zealand
Sector Transportation
Buyer(s) Infratil
Sellers(s) Stagecoach Group
Deal Type Divestiture
Deal Value 251M NZD

Target

Stagecoach New Zealand

Wellington, New Zealand
Stagecoach NZ operates bus services in the Wellington and Auckland areas of New Zealand, and ferry services in the Auckland area. The company offers Metrolink services for various journeys made by various people to various destinations.

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Buyer(S) 1

Buyer

Infratil

Wellington, New Zealand
Category Company
Founded 1994
Sector Utilities
Employees3,760
Revenue 3.0B NZD (2024)
DESCRIPTION

Infratil is an owner and operator of businesses in the energy (mainly renewable), airport, public transport, and social infrastructure sectors. Infratil was founded in 1994 and is based in Wellington, New Zealand.

DEAL STATS #
Overall 2 of 5
Sector (Transportation) 2 of 2
Type (Divestiture) 2 of 3
Country (New Zealand) 1 of 2
Year (2005) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-22 Glasgow Prestwick International Airport

Prestwick, United Kingdom

Glasgow Prestwick International Airport own and operate the Glasgow Prestwick and Kent International airports. The company also offers air navigation services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 Fullers360

Auckland, New Zealand

Fullers360 is a provider of maritime passenger transport services, providing essential ferry services to the vibrant communities located in Auckland and the Hauraki Gulf, New Zealand’s largest population centre and public transport market. Fullers360 was founded in 1981 and is based in Auckland, New Zealand.

Sell -

Seller(S) 1

SELLER

Stagecoach Group

Perth, United Kingdom
Category Company
Founded 1980
Sector Transportation
Employees24
Revenue 1.2B GBP (2022)
DESCRIPTION

Stagecoach Group is a public transport provider in the UK and North America. Stagecoach Group was founded in 1980 and is based in Perth, United kingdom.

DEAL STATS #
Overall 7 of 11
Sector (Transportation) 6 of 9
Type (Divestiture) 7 of 10
Country (New Zealand) 1 of 1
Year (2005) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-13 Glenvale Transport

Liverpool, United Kingdom

Glenvale operates local bus services in Merseyside. Glenvale now operates from two depots in North East Liverpool and has an annualised turnover of approximately £25 million.

Buy £3M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-15 Traction Group

Barnsley, United Kingdom

Traction is the sixth largest operator of bus services in the UK and is the largest operator that was still privately owned. Traction’s operations are centred on South and West Yorkshire, Lincolnshire and Tayside.

Buy £26M
Mergr

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