We are advising CapMan Infra on the acquisition of Hansabuss, the largest private bus operator in public lines in the Baltics.
Hansa Grupp has agreed to sell Hansabuss to the CapMan Nordic Infrastructure II fund, managed by CapMan Infra. The transaction is subject to the customary closing conditions and merger control clearance in Estonia.
The investment will support Hansabuss in its next phase of growth
As the new owner, CapMan Infra will provide strong financial backing to drive low emission and electric fleet investments, operational development, further strengthening the company’s competitiveness and growth prospects.
“We are proud to be investing in a company with a strong heritage and culture, as well as an important role in public transportation in Estonia and Latvia. Hansabuss is well positioned to continue developing its operations and strengthening its market position. We look forward to supporting the company, together with its management and employees, in the next phase of growth,” says Eero Hautaniemi, partner at CapMan Infra.
The CapMan Infra team has significant experience in the public transportation sector through its investments in Finland’s largest bus transportation company, Koiviston Auto; and Norwegian ferry operator Norled. In both investments, fleet investments supporting the green transition, tendering capabilities, and operational development have been central to value creation.
As a result of the transaction, Hansabuss gains an experienced owner
Hansabuss is the largest privately owned bus transportation company in public lines in the Baltics, providing public transportation, charter services, school transport, employee shuttle services, and international transport solutions across Estonia, Latvia and the wider region. Founded in 1995 with a single bus, Hansabuss has grown into a major provider of safe, reliable and customer-focused transportation services.
“Having successfully built Hansabuss into the largest privately owned bus transportation company in public lines in the Baltics over the last three decades, the time was right for Hansa Grupp to pursue this transaction and find a strong and experienced new owner for our bus transportation activities as we focus on our other existing business activities in the Baltics and internationally,” says Neeme Tammis, founder of Hansa Grupp.
Our services and client team
We have been advising the client throughout the entire transaction process, including conducting legal due diligence, drafting transaction documents, and negotiating terms. We are continuing to advise the client on preparing for the transaction closing and filing a merger notification.
The project is led in Estonia by partner Toomas Prangli and counsel Piret Lappert, and in Latvia by partner Nauris Grigals and counsel Renāte Purvinska. The team also includes:
- In Estonia, partner Mihkel Miidla, counsels Pirkko-Liis Harkmaa, Piibe Lehtsaar, Britta Retel and Albert Linntam; senior associates Cathriin Majas and Liisa Kuuskmaa; and associates Annika Kask, Karl Oskar Pungas, Karina-Anette Kiristaja and Meri-Ly Karjus-Mustafayev.
- In Latvia, senior associates Zanda Frišfelde, Reinis Papulis, Edgars Riņķis and Santa Prauliņa; and associates Krista Niklase, Elīza Marija Roshofa and Ieva Zariņa.
