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Hansea is a leading Belgian public transport infrastructure operator.

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Fund: Cube I
Sector: Transport & Mobility
Location: Belgium
Investment Date: March, 2014
Divestment Date: August, 2019
Status: Divested

The company operates daily urban and interurban commuter public transport for Belgian public transport authorities, based on cost-indexed, availability-based contracts. Hansea is also active in school and personnel transport and bus charter services.

Cube acquired a majority stake in Hansea from Transdev in 2014 with Gimv, a local Flemish government-backed private equity fund, acquiring a minority stake. Hansea has delivered strong operational and financial performance thanks to a combination of continuous operational optimization and selective add-on acquisitions, resulting in significant revenue and EBITDA growth over our holding period.

Cube and Gimv sold Hansea in 2019 to DWS, a global infrastructure manager.

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