M&A Deal Summary

Rivean Capital and Kartesia Acquire Green Mobility

On May 26, 2023, private equity firm Rivean Capital and lender Kartesia acquired business services company Green Mobility

Acquisition Highlights
  • This is Rivean Capital’s 7th and Kartesia’s 7th transaction in the Business Services sector.
  • This is Rivean Capital’s 14th and Kartesia’s 7th transaction in Germany.

M&A Deal Summary

Date 2023-05-26
Target Green Mobility
Sector Business Services
Buyer(s) Rivean Capital
Kartesia
Deal Type Buyout (LBO, MBO, MBI)

Target

Green Mobility

Munich, Germany
Green Mobility is a technology-based e-bike leasing groups. Green Mobility is based in Munich, Germany.

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Buyer(S) 2

Buyer

Rivean Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Gilde Buy Out Partners (GBO) is unit of Gilde Investment Management, a Dutch private equity group. Gilde Buy Out Partners (GBO) targets investments in larger businesses valued from €75 and €600 million with at least €8 million in cash flow. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. GBO looks for investments across Western Europe, with an emphasis on opportunities in Belgium, The Netherlands, Luxembourg, France, Germany, Switzerland and Austria. Gilde was formed in 1982 and has offices in Utrecht, Paris, Brussels, and Zurich.


DEAL STATS #
Overall 72 of 75
Sector (Business Services) 7 of 8
Type (Buyout (LBO, MBO, MBI)) 28 of 28
Country (Germany) 14 of 15
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-10 CED

Capelle aan den IJssel, Netherlands

CED is a full-service European claims management provider that delivers on the promise to clients in the insurance sector, real estate enterprises, housing corporations, lease companies, health care providers, large corporations, and governments. CED was founded in 1971 and is based in Capelle aan den IJssel, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Elcee

Dordrecht, Netherlands

Elcee is a provider of customized parts and components, assembled products, and standard products for a wide range of industrial markets. The company is active in the (co-)development, design, engineering and supply chain management (sourcing, stock-keeping as well as quality control and delivery) of industrial parts in four product groups: castings and forgings, plain bearings, fasteners, and lifters. It operates local offices throughout Europe in combination with technical support centers in China and Poland. Elcee was founded in 1923 and is based in Dordrecht, Netherlands.

Sell -
Buyer

Kartesia

Investor Investor Investor Investor Investor


Category Lender
Founded 2013
PE ASSETS 5.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Kartesia is a private investment group and lender that looks to invest in lower middle-market companies throughout the European Union and Central Europe. The Firm is industry agnostic and seeks to commit €10 to €100 million in profitable companies with at least €5 million of EBITDA. Proceeds are typically invested alongside sponsors to support buyouts, recapitalizations, shareholder liquidity needs, or restructurings. Kartesia was established in 2013 and is headquartered in London.


DEAL STATS #
Overall 30 of 30
Sector (Business Services) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 11 of 11
Country (Germany) 7 of 7
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Optegra

London, United Kingdom

Optegra is an eye healthcare provider treating A-Z eye conditions that is supported by dedicated optometrists, healthcare technicians and consultants who provide a wide range of procedures including lens replacement (Clarivu), laser eye surgery, cataract removal, glaucoma, and AMD. Optegra was founded in 2007 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-25 Kerv

London, United Kingdom

Kerv offers business outcome-focused solutions, initially comprising of converged IT managed services, unified communications, contact centre, security and compliance applications, all delivered in a way that will set the industry benchmark for excellent customer experience. Kerv was formed in 2020 and is based in London, United Kingdom.

Sell -