CapMan Infra Backs Hansabuss to Strengthen Low-Emission Public Transportation Across Estonia and Latvia

CapMan Infra Backs Hansabuss to Strengthen Low-Emission Public Transportation Across Estonia and Latvia

(IN BRIEF) CapMan Infra has agreed to acquire Hansabuss from Hansa Group through the CapMan Nordic Infrastructure II fund, marking a new phase for the largest privately owned bus operator serving public routes in the Baltics. Hansabuss, founded in 1995, operates across Estonia and Latvia and provides public transportation, charter services and regular transport solutions for public-sector and corporate customers. The investment aligns with CapMan Infra’s focus on essential infrastructure in Northern Europe and will support Hansabuss as it expands in a liberalising Baltic public transport market. CapMan Infra plans to provide financial backing and sector expertise to help the company invest in low-emission and electric fleets, improve operations and strengthen its competitiveness. The transaction will not affect current employees, customers or services, and remains subject to customary closing conditions and merger control approval in Estonia.

(PRESS RELEASE) HELSINKI, 15-Jun-2026 — /EuropaWire/ — CapMan Infra has agreed to acquire Hansabuss, the largest privately owned bus operator serving public routes in the Baltics, from Hansa Group. The transaction will be made through the CapMan Nordic Infrastructure II fund and supports CapMan Infra’s strategy of investing in essential public transportation infrastructure across Northern Europe.

Founded in 1995, Hansabuss has grown into one of the Baltic region’s leading transportation companies, with operations across Estonia and Latvia. The company provides public transport services, charter transport and other regular transportation services for public-sector clients and corporate customers. Over nearly three decades, Hansabuss has built a strong market position, supported by successful participation in public tenders, profitable growth and consolidation within the regional transport market.

The investment comes at a time when the Baltic public transportation sector is continuing to liberalise, creating new opportunities for established operators with the scale and operational capability to compete in tender-based markets. Hansabuss is also well placed to benefit from the sector’s green transition, as public transport tenders increasingly include requirements related to low-emission and electric vehicle fleets.

As the new owner, CapMan Infra will support Hansabuss in its next phase of development by providing financial resources and sector expertise. The investment is expected to help the company accelerate fleet modernisation, including low-emission and electric bus investments, while also supporting operational improvements and strengthening Hansabuss’ long-term competitiveness in the Baltic market.

Eero Hautaniemi, Partner at CapMan Infra, said the firm is proud to invest in a company with a strong heritage, established culture and important role in public transportation in Estonia and Latvia. He said Hansabuss is well positioned to continue developing its operations and reinforcing its market position, adding that CapMan Infra looks forward to working with the company’s management and employees during its next growth phase.

CapMan Infra brings previous public transportation experience from investments including Koiviston Auto, Finland’s largest bus transportation company, and Norled, a Norwegian ferry operator. In both cases, investments in fleet renewal, green transition initiatives, tendering capabilities and operational development have played an important role in value creation.

Neeme Tammis, Founder of Hansa Group, said Hansabuss has been successfully developed over the past three decades into the largest privately owned bus transport company operating public routes in the Baltics. He said the timing was right for Hansa Group to pursue the transaction and bring in a strong new owner with relevant experience, while Hansa Group focuses on its other business activities in the Baltics and internationally.

Indrek Halliste, CEO of Hansabuss, said CapMan Infra’s ownership will bring international experience and sector knowledge that can strengthen the company’s current operations and future development. He said Hansabuss will be better positioned to serve customers, pursue additional growth opportunities and further strengthen its market position in the Baltics.

All current Hansabuss employees will remain in their roles following the acquisition. The transaction will not affect the company’s existing customers or services.

Completion of the transaction remains subject to customary closing conditions and merger control clearance in Estonia.

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and 7.2 billion euros in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, real asset debt, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London, Luxembourg, and Düsseldorf. We are listed on Nasdaq Helsinki since 2001. www.capman.com.

About Hansa Group

Hansa Group is one of Estonia’s leading privately owned investment holding companies, with business operations in passenger transportation, vehicle rental and full-service leasing, commercial vehicle sales and after-sales services, real estate development and financial investments. Through its subsidiaries and long-term investments, Hansa Group has built a diversified portfolio of businesses with leading positions in their 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 of above EUR 120 million and employs approximately 1000 people. Hansa Group is headquartered in Tallinn, Estonia. www.hansagrupp.ee.

About Hansabuss

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. Hansabuss has revenues of approximately EUR 50 million, operates a fleet of over 500 buses and employs approximately 800 people. Hansabuss is recognized for its high service standards, operational excellence, and commitment to innovation and sustainable mobility solutions. Hansabuss is headquartered in Tallinn, Estonia. www.hansabuss.ee.

Media Contacts:

Eero Hautaniemi, Partner, CapMan Infra, +358 50 553 8281

Vinski Siponen, Investment Manager, CapMan Infra, +358 50 490 4632

SOURCE: CapMan