Good evening,

GoZero Group, the largest electric bus supplier to the NSW government, is charged up and ready to roll as a publicly listed player.

Street Talk can reveal Sydney-based hydrogen start-up accelerator United H2 Limited has signed to acquire the sprawling electric vehicle outfit for about $400 million, putting it on course for an initial public offering.

The deal will see UHL take full control of GoZero and its many subsidiaries from majority owner Kirk Tsihlis’ Halifax Central. These include e-bus manufacturer Nexport, bus charter business NSBC Group and hydrogen buses and EV truck maker Foton Mobility.

Global private capital juggernaut The Carlyle Group will plug in a $200 million-plus debt facility, joining the lending pool for the first time and refinancing senior debt put up by Tanarra Credit Partners and Tor Investment Management.

Morgans and MA Moelis Australia have been appointed joint lead managers on the IPO and will be in the fast lane for a mid-2025 listing date.

Read the story: EV bus builder GoZero clinches $400 million valuation; kicks off IPO campaign

Read the full story tomorrow and more on the Street Talk page.

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