Accura has assisted Cube Infrastructure Fund II and Cube Infrastructure Managers with the acquisition of 85% of the shares in Umove A/S.
Umove A/S is Denmark's largest private bus operator serving passengers in Copenhagen, Horsens, Vejle, Herning and South Jutland. Umove A/S has more than 400 buses, 1,000 employees and an annual revenue of DKK 550m.
Cube Infrastructure Fund II is a European long-term infrastructure fund headquartered in Luxembourg.
The management of Umove A/S will keep 15% of the shares before the capitalisation of Umove A/S (on closing) for future growth.
Henrik Juul Hansen, Helle Wehl and Jolande Lærke Jørnsgård advised Cube Infrastructure Fund II and Cube Infrastructure Managers.