DPE Deutsche Private Equity sells the majority of its stake in Green Mobility Holding, one of Europe’s leading technology-based (e-)bike leasing groups
– Fast-growing technology enterprise combining the brands Company Bike and mein-dienstrad.de
– (E-)bike leasing enhances employee satisfaction, encourages a healthy lifestyle, and reduces companies’ ecological footprint
– Green Mobility Holding plans to continue growing in Germany and to expand internationally across Europe
Munich, May 26, 2023. Funds advised by DPE Deutsche Private Equity Management III GmbH (“DPE”), one of the largest growth investors in the DACH region, sell the majority of their stake in Green Mobility Holding (“GMH”), one of Europe’s leading technology-based (e-)bike leasing providers, to Rivean Capital for an undisclosed purchase price. DPE Deutsche Private Equity, the previous majority shareholder, is to retain a minority stake in the company. Further shares are held by the founders and management of the two subsidiaries, 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 well-being, make commuting to the workplace more attractive, and reduce the companies’ ecological footprint. GMH’s corporate clients include, for example, Daimler Truck, Eurogate, Funke Mediengruppe, Johanniter, and numerous SMEs.
GMH is headquartered in Munich and has more than 200 employees across Germany. Last year, the company generated revenues of around €140 million. As in previous years, it plans to post substantial revenue growth again in 2023. The company is the only provider to offer direct access to bicycle and (e-)bike manufacturers as well as its own delivery and service network with more than 60 employees.
“Over the last decade, bicycles and e-bikes have become a real alternative to cars and local public transportation. Our low-cost, low-barrier leasing offerings are helping to transform mobility and encourage a healthy, ecologically sound lifestyle,” said Maximilian Acht, CEO of Green Mobility Holding. “With DPE’s support, we have been able to strengthen our position as one of Europe’s leading technology-based (e-)bike leasing providers through organic growth and a strategic acquisition. We see significant further potential for our business model. In Rivean Capital, we have found the right partner to continue developing our holistic business model and to expand our market shares in Germany and its neighboring European markets.”
Volker Hichert, founder and chairman of DPE’s advisory board, said: “Despite our clear focus on growth companies, it is also rare at DPE that the management team, together with the founders and capital providers, succeed in multiplying the turnover within two years. This is an extraordinary achievement, and it has been a great pleasure to contribute to it. With Rivean Capital on board, we are confident that we will be equally successful in the next phase of strong growth.”
“We will support Green Mobility Holding with capital and strategic expertise as it continues to grow its business in Germany and expand into other European markets,” said Matthias Wilcken, Senior Partner at Rivean Capital. Further acquisitions are conceivable in the coming years, he said. “Our investment philosophy is based on value creation by means of digitalization, internationalization, and a focus on sustainability. These aspects, which drive our investment decisions, will also play a crucial role in the further growth of GMH. That makes us ideal partners.”