Hansa Group sells Hansabuss to CapMan Infra
Hansa Group has sold its subsidiary Hansabuss to Finnish investment fund CapMan Infra. The deal allows Hansa Group to focus on other activities, while Hansabuss continues operations with current management and employees.
Deal Details
Hansa Group has sold Hansabuss, one of the leading Baltic public transport operators, to the Finnish investment fund CapMan Infra. The transaction aligns with Hansa Group's strategy to concentrate on other core business areas. Since its founding in 1995, Hansabuss has become the largest private bus operator in the Baltics, operating in Estonia and Latvia. Its growth has been driven by successful procurement participation and market consolidation.
New Owner's Plans
CapMan Infra intends to support Hansabuss's next growth phase by investing in low-emission vehicles and electric buses. The fund has experience in the transport sector, having invested in Finland's largest bus operator Koiviston Auto and Norway's ferry operator Norled. CapMan Infra partner Eero Hautaniemi emphasized that Hansabuss is well-positioned to strengthen its market position.
Impact on Employees and Clients
All current employees will retain their positions after the deal. The transaction will not affect existing customers or services. Sergejs Vahņickis, managing director of Hansabuss Latvia, stated that the new owner will bring international expertise and support.
Closing
The deal's completion is subject to merger control approval in Estonia and other customary closing conditions. Hansa Group was advised by LionCliff Capital and Ellex.
