Avanza Group

Avanza Group was acquired by Fund V in February 2007.

It is the largest independent bus operator in Spain, with a market-leading presence in the urban, suburban and intercity segments. Avanza Group is also Spain’s largest operator of bus stations.

Since Doughty Hanson acquired the group, Avanza has successfully completed several follow-on investments including CTSA Portillo in November 2007, Alosa in May 2008 and concessions in Southern Madrid in 2010. These acquisitions have reinforced Avanza’s market-leading positions in the high growth Urban and Suburban segments while increasing regional diversification.

In July 2009 Avanza extended its reach in the Zaragoza area when construction and operation of the city’s new tramway was awarded to an Avanza-led consortium. This long-term concession, which expires in 2043, will connect the north and south of the city through 13km of railway track and is expected to carry more than 30m passengers per year.

Please see the Avanza ESG case study for more information on the sustainability initiatives we are undertaking alongside Avanza’s management.