M&A Deal Summary

Down 2 Earth Capital Acquires Cyclobility

On May 1, 2024, private equity firm Down 2 Earth Capital acquired business services company Cyclobility

Acquisition Highlights
  • This is Down 2 Earth Capital’s 4th transaction in the Business Services sector.
  • This is Down 2 Earth Capital’s 21st transaction in Belgium.

M&A Deal Summary

Date 2024-05-01
Target Cyclobility
Sector Business Services
Buyer(s) Down 2 Earth Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Cyclobility

Kluisbergen, Belgium
Cyclobility is a provider of bicycle leasing for companies. The company offers a wide array of high-quality bicycles and leasing options designed to encourage daily bicycle commuting and simplify leasing for employers. Cyclobility was founded in 2016 and is based in Kluisbergen, Belgium.

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Buyer(S) 1

DESCRIPTION

Down 2 Earth Capital is a private equity firm focused on investing in and acquiring profitable (€2 to €10 million of EBITDA) Belgium-based companies. D2E does not have any stated sector preferences and will consider a variety of transaction situations including family successions, buyouts/buy-ins, non-core divestitures, growth capital financings, and recapitalizations. Down 2 Earth Capital was established in 2013 and is headquartered in Antwerp, Belgium.


DEAL STATS #
Overall 22 of 26
Sector: Business Services M&A 4 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 12
Country: Belgium M&A 21 of 25
Year: 2024 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-01 Loda

Beerse, Belgium

Loda is a producer and distributor of cleaning and maintenance products for the retail market, both under its own Loda and Lodik brand and under private label. With a wide Loda range, varying from toilet gel and drain unblocker to citronella and soda crystals. Loda was founded in 1930 and is based in Beerse, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-06 Accuramed

Halen, Belgium

Accuramed is a Benelux distributor of solutions for cardiorespiratory testing and molecular diagnostics. Accuramed was founded in 2000 and is based in Halen, Belgium.

Buy -