- Kartesia will provide financing for this acquisition
- DPE Deutsche Private Equity will retain a minority stake in GMH
- Rivean is a European private equity investor in mid-market transactions with operations in the DACH region, Benelux and Italy
Rivean Capital will acquire a majority stake in Green Mobility Holding (GMH), a European technology-based (e-)bike leasing group, from DPE Deutsche Private Equity.
No financial details of the transaction were disclosed.
GMH is headquartered in Munich, Germany and has over 200 employees. The company reported revenues of around €140 million in 2022.
DPE Deutsche Private Equity will retain a minority stake in GMH.
Further shares will be held by the founders and management of Company Bike and mein-dienstrad.de.
Kartesia will provide financing for Rivean Capital’s acquisition of GMH.
This transaction is Kartesia’s first partnership with Rivean Capital, facilitated by a strategic financing package under Kartesia’s KSO strategy, according to a release.
“Our investment philosophy is based on value creation by means of digitalisation, internationalisation, and a focus on sustainability,” said Matthias Wilcken, senior partner at Rivean Capital. “These aspects, which drive our investment decisions, will also play a crucial role in the further growth of GMH.”
GMH plans to continue growing in Germany and to expand internationally across Europe
GMH is Rivean’s fourth platform investment in Germany alongside Best4Tires, ]init[ AG für digitale Kommunikation, and TonerPartner, the release said.
Rivean is a European private equity investor in mid-market transactions with operations in the DACH region, Benelux and Italy. The firm has offices in Amsterdam, Brussels, Frankfurt, Zurich, and Milan.
Kartesia, headquartered in London, is a pan-European firm financing small and middle-market companies.
DPE is a growth investor in the DACH region. The firm is based in Munich, Germany.