SkyBus operator hits the market as Macquarie completes global roadshow

The operator of Melbourne’s SkyBus airport service is on the market with advisers from Macquarie Capital launching a sales process for the bus operator to infrastructure investors and private equity firms.

But after months of meetings with prospective buyers, Macquarie faces an uphill effort to sell Kinetic Group as potential owners balk at efforts to extract a price that valued the business at approximately 10 times earnings, two people familiar with the negotiations said.