The majority shareholder of Hansab sells its majority stake to BaltCap

COBALT advised majority shareholder of Hansab, the leading Baltic automation services provider on selling its majority stake to private equity and venture capital investor BaltCap.

Hansab has a strong presence in the Baltics, but with BaltCap’s investment and expertise, the company plans to expand outside the region and diversify its service portfolio. Aigar Urva, Founder and CEO of Hansab Group, states: “During the past 32 years, we have successfully grown the company organically. Now we intend to accelerate the development and enter new fields of activity and territories. We are happy to join forces with BaltCap, a financially strong and effective partner, helping us fulfill our growth strategy.”

The transaction will be completed in the coming months subject to the approval of the competition authorities in the Baltic countries and obtaining other required permissions related to the business.

Hansab is the leading provider of automation solutions and services in the Baltics. Hansab services include security, parcel handling and logistics, ATMs, cash in transit services, production of national identity documents, point of sales and cash handling, queue management, parking and automation.  The company offers the automated traffic management system Entringo Traffic and the smart parking management system Entringo Parking internationally.

BaltCap is a private and venture capital fund operating in the Baltics covering buyouts, growth, venture, and infrastructure investments. BaltCap has invested in over 100 companies across a wide range of industry sectors.

Our work included advising the client throughout the transaction. COBALT´s team was led by Partner Martin Simovart, Managing Associate Jesse Kivisaari, Associate Getter Villmann in Estonia, Partner Guntars Zile and Senior Associate Diāna Zepa in Latvia and Partner Irmantas Norkus and Managing Associate Deimantė Pagirienė in Lithuania.