Lincoln International advised Deutsche Private Equity and private shareholders on the sale of a majority stake in Green Mobility Holding to Rivean Capital
Deutsche Private Equity and private shareholders have sold a majority stake in Green Mobility Holding to Rivean Capital
Green Mobility Holding
Green Mobility Holding (GMH) is one of Europe’s leading, technology-based e-bike leasing platforms, combining the brands of Company Bike and mein-dienstrad.de. GMH’s digital platforms connect companies with bike dealers, manufacturers and leasing providers, aiming to allow their employees to switch to sustainable mobility. To this end, the subsidiaries Company Bike and mein-dienstrad.de conclude framework agreements with corporate clients, under which their employees can lease e-bikes.
The monthly lease payments are deducted from the employees’ gross salaries using a deferred compensation model and transferred directly to the bank lessors contractually affiliated with GMH. The employees benefit from tax concessions as well as from services such as maintenance and insurance. E-bike leases can help companies enhance employee satisfaction, health and wellbeing; make commuting to the workplace more attractive and reduce the companies’ ecological footprint. GMH is headquartered in Munich and has more than 200 employees across Germany. In 2022, the company generated revenues of around €140 million and continues to grow rapidly.
The Deal
Deutsche Private Equity (DPE), together with GMH’s founders and co-shareholders, decided to explore a potential expansion of GMH’s shareholder base with a strong partner to drive the further organic growth and European expansion of GMH. Reflecting the dynamic market situation and the relative complexity of the business model, Lincoln International entered into an intensive dialogue with relevant strategic and financial investors at an early stage. At the end of a well-structured process, all parties fully supported the management’s plans and strategic vision and the transaction was successfully completed with Rivean Capital as the new majority shareholder. Supported by minority investor DPE and the founders of GMH, the technology-based e-bike leasing platform will drive the growth of its market-leading business model in Germany as well as its international expansion across Europe.
Our Perspective
Øyvind Bjordal, Managing Director and Head of Lincoln Switzerland, commented, “After advising the founders on the sale of the majority of Company Bike to DPE in 2021, we are thrilled and honored to have supported DPE, the founders and management once again in finding the ideal partner in Rivean Capital for GMH’s next growth phase.”