CapMan Infra acquired family-owned Koiviston Auto

We represented the sellers in a transaction where CapMan Infra has entered into an agreement to acquire 100 % of the shares of Koiviston Auto (Metsäpietilä Oy). The acquisition is in line with CapMan Infra’s aim to improve public transportation network, and offer sustainable transportation alternatives by driving the green transition of the business.

Koiviston Auto, founded in 1928, is a market leader within public and commercial bus transport in Finland. The company employs 2,300+ people, has a fleet of c. 1,000 buses, operates a network of 18 depots across Finland, and transported around 85 million passengers pre-pandemic in 2019.

The market-based segment operates three well-known brands: Onnibus.com, Onnibus Flex and Porvoon Liikenne.

The transaction is subject to customary closing conditions and is expected to close during the first quarter of 2022.

Partners Olli Hyvönen and Johan Wesander were responsible for the assignment. The rest of the core team included Partner Pekka Kokko and Partner Markus Rämö and was supported by Junior Associate Matti Jonkka and Junior Associate Sanni Tirkkonen.

More information: CapMan Infra’s press release (in English).