CapMan Infra Acquires Estonia's Largest Private Bus Operator
2026-06-16 15:54
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en.Wedoany.com Reported - CapMan Nordic Infrastructure II, a fund under private equity firm CapMan Infra, has agreed to acquire Hansabuss from Hansa Group, the largest private bus operator on public transport routes in the Baltic region. The acquisition aims to strengthen CapMan Infra's presence in key public transport infrastructure in the Nordic region.

Founded in 1995, Hansabuss is currently a leading transport company in the Baltic region, operating public transport, charter services, and other scheduled transport services in Estonia and Latvia. The company has achieved profitable growth through successful tender performance and market consolidation, and is well-positioned to benefit from the long-term market liberalization trends in the Baltic public transport sector, including green transition requirements such as low-emission and electric bus fleets in tenders.

CapMan Infra's investment will support Hansabuss's next growth phase. The new owner will provide financial support to drive investments in low-emission and electric bus fleets, operational development, and enhance the company's competitiveness and growth prospects.

Eero Hautaniemi, Partner at CapMan Infra, stated that the company is proud to invest in a firm playing a significant role in public transport in Estonia and Latvia, and looks forward to supporting its growth alongside management and employees.

The CapMan Infra team has previously accumulated experience in the public transport sector, including investments in Koiviston Auto, Finland's largest bus transport company, and Norled, a Norwegian ferry operator. In these investments, fleet investments supporting the green transition, tender capabilities, and operational development have been central to value creation.

Neeme Tammis, Founder of Hansa Group, said that over the past three decades, the company has successfully built Hansabuss into the largest private bus transport company in the Baltic region, and now is the right time to find a strong and experienced new owner to allow Hansa Group to focus on other business activities.

Indrek Halliste, CEO of Hansabuss, noted that CapMan Infra will bring international experience and industry expertise to the company, helping to enhance operations and future development, better serve customers, and strengthen market position.

Following the acquisition, all existing employees of Hansabuss will continue in their current roles, and the transaction will not affect existing customers or services. The deal is subject to customary closing conditions and merger control approval in Estonia.

About CapMan: CapMan is a leading Nordic private assets expert with an active approach to value creation, managing assets of EUR 7.2 billion. As one of the pioneers in the Nordic private equity sector, it has developed hundreds of companies and assets over more than three decades. The goal is to deliver attractive returns and innovative solutions to investors by driving change in portfolio companies. For example, greenhouse gas emission reduction targets set in line with the Science Based Targets initiative are consistent with the 1.5°C scenario, with a commitment to achieving net-zero greenhouse gas emissions by 2040. With local expert teams, it has a broad presence in the unlisted market. Investment strategies cover real estate and infrastructure assets, real asset debt, natural capital, and minority and majority equity investments in portfolio companies. It also offers wealth management solutions. CapMan employs approximately 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. Listed on Nasdaq Helsinki since 2001. www.capman.com.

About Hansa Group: Hansa Group is one of Estonia's leading private investment holding companies, with operations in passenger transport, vehicle rental and full-service leasing, commercial vehicle sales and after-sales services, real estate development, and financial investments. Through subsidiaries and long-term investments, Hansa Group has built a diversified business portfolio, holding leading positions in respective markets. The group focuses on sustainable growth, operational excellence, and creating long-term value through active ownership and strategic development. Hansa Group has revenues exceeding EUR 120 million and employs approximately 1,000 people. The group is headquartered in Tallinn, Estonia. www.hansagrupp.ee.

About Hansabuss: Hansabuss is the largest private bus transport company on public transport routes in the Baltic region, providing public transport, charter services, school buses, employee shuttles, and international transport solutions in Estonia, Latvia, and beyond. Founded in 1995 with just one bus, Hansabuss has grown into a major provider of safe, reliable, and customer-centric transport services. Hansabuss has revenues of approximately EUR 50 million, operates over 500 buses, and employs around 800 people. Hansabuss is recognized for its high service standards, operational excellence, and commitment to innovative and sustainable mobility solutions. The company is headquartered in Tallinn, Estonia. www.hansabuss.ee.

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