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Tier and Nextbike roll together with White & Case and CMS

mobility

Tier Mobility, known for its turquoise-blue e-scooters, is taking over the Leipzig bike rental company Nextbike. The sellers are the majority owner Co-Investor Partners and other shareholders.

The company bosses did not initially comment on the costs of the takeover. The sale takes place in the course of a cash transaction.

According to JUVE information, Tier has prevailed over other interested parties in an organized sales process. The future prospects that Tier Nextbike offers were also decisive for the award, from which Europe’s largest micromobility provider emerges. Tier states that it initially wants to keep the Nextbike brand.

Carola Glasauer

Nextbike has been operating rental bike systems in around 300 cities and 28 countries since 2004 – mostly on behalf of public transport companies and municipalities. Tier not only wants to grow through the takeover of Nextbike, but also to benefit from the good contacts in the city administrations. E-scooters still do not have a good reputation in many places because they often block sidewalks and are involved in numerous accidents. The regulation of the industry is being discussed in the municipalities.

A few weeks ago Tier Mobility managed to collect another 200 million euros from investors. The last financing round of the company, which was founded in 2018, was announced at the end of 2020. At that time, the Japanese company Softbank got involved. According to media reports, the new valuation of the company is now 1.7 billion euros. Market observers expect IPOs and further takeovers in the mobility segment.

Berater Tier Mobility
White & Case (Frankfurt): Carola Glasauer, Daniel Turgel (London; both (Corporate / M & A); both lead), Marek Sawicki (M&A; Warsaw); Associates: Thorsten Rohde, Jan Lampert (both M&A), Anna Dold (data protection), Mathias Bogusch (IP / IT), Sebastian Stütze (Employment), Nane Juetting (real estate law), Pawel Zagorski (banking law; Warsaw), Diego Hernandez-Sampelayo Lara (M&A; Madrid)
Deloitte (Düsseldorf): Stella Posnak (transaction taxes)


Jochen Lux

Berater Nextbike
CMS Hasche Sigle (Leipzig): Dr. Jochen Lux (Federführung; Corporate / M & A), Prof. Dr. Heralt Hug (IP), Dr. Malte Grützmacher (IT; Hamburg), Dr. Rolf Hempel, Martin Cholewa (both Cartel Law), Dr. Martin Mohr (tax law; all of Stuttgart); Associates: Peter Ollesch, Stefanie Pech, Dr. Helge Rieckhoff (all Corporate / M & A), Alexander Tharan (IP)

Uses
Müller Theobald Jung Zenger (Frankfurt): Dr. Oliver Lorenz – known from the market

background: The legal part of the Nextbike sales process was managed by a Leipzig team from CMS, led by partner Lux. The team first advised Nextbike in 2014 in the course of a financing round, in which Co-Investor Partners took over the majority. CMS advised all shareholders on the sales process.

At the end of 2020, White & Case advised its client Softbank on joining Tier Mobility. The company was advised by PricewaterhouseCoopers at the time. The Frankfurt M&A team from Glasauer was now on the mandate for the takeover of Nextbike. (with material from dpa)

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