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


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 71 of 77
Sector: Business Services M&A 7 of 10
Type: Buyout (LBO, MBO, MBI) M&A Deals 28 of 28
Country: Germany M&A 14 of 16
Year: 2023 M&A 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


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 31 of 32
Sector: Business Services M&A 7 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 11 of 11
Country: Germany M&A 7 of 7
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-08 Wacker Leon

Leon, Spain

Wacker Leon is a Bio-pharma manufacturing company that develops, manufactures, sells and distributes a broad range of pharmaceutical products, focusing on Active Pharmaceutical Ingredients ("APIs") for penicillin-based antibiotics. Wacker Leon was founded in 1954 and is based in Leon, Spain.

Sell €100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-29 Compania del Tropico

Barcelona, Spain

Compania del Tropico is a multi-brand coffee-shop and fast casual dining operator. Compania del Tropico is a network of fully owned premises in the growing and fragmented Spanish food-service market. Compania del Tropico is based in Barcelona, Spain.

Sell -