M&A Deal Summary

STAR Capital Partnership Acquires Nextbike

On April 29, 2024, private equity firm STAR Capital Partnership acquired internet software and services company Nextbike from TIER Mobility

Acquisition Highlights
  • This is STAR Capital Partnership’s 1st transaction in the Internet Software and Services sector.
  • This is STAR Capital Partnership’s 12th transaction in Germany.

M&A Deal Summary

Date 2024-04-29
Target Nextbike
Sector Internet Software and Services
Buyer(s) STAR Capital Partnership
Sellers(s) TIER Mobility
Deal Type Divestiture

Target

Nextbike

Leipzig, Germany
Nextbike provides public bike-sharing schemes on behalf of public transport authorities, cities, and public institutions. Nextbike was founded in 2004 and is based in Leipzig, Germany.

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Buyer(S) 1

Buyer

STAR Capital Partnership

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 2.5B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

STAR Capital Partners is a private equity firm that seeks investments in capital intensive businesses operating in Western Europe. STAR looks to invest in companies valued between EUR50 million and EUR1 billion. The Firm will consider opportunities in many industries, however, the Firm's primary emphasis is on businesses operating in the oil & gas, transport, utilities, telecommunications and healthcare sectors. STAR Capital was formed in 1999 and is based in London.


DEAL STATS #
Overall 30 of 33
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 9 of 9
Country: Germany M&A 12 of 12
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-15 ABL-Technic

Leutkirch, Germany

ABL-Technic is a provider of specialist paint stripping services to industrial plants. The company's service includes providing stillages, pickup and delivery of parts, mechanical, thermal, and chemical stripping in a 24-hour turnaround time. ABL-Technic was founded in 1973 and is based in Leutkirch, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 V.Group

London, United Kingdom

V.Group provides mission-critical services to its customers, such as technical ship management, crew management, crew welfare services (e.g. catering, travel, and digital wallets & payment cards), leveraged procurement, technical services, specialist insurance broking, and modern shipping-specific digital solutions. V.Group was founded in 1984 and is headquartered in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

TIER Mobility

Berlin, Germany

Category Company
Founded 2018
Sector Internet Software and Services
DESCRIPTION

TIER Mobility is an e-scooter sharing companies with a mission to change urban mobility for good. TIER Mobility plays the leading force in the ongoing transformation of transportation, by providing a fun and conscious way of commuting while relieving cities from emissions and congestion, and putting responsible usage and safety at the centre of its business. TIER Mobility was founded in 2018 and is based in Berlin, Germany.


DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Spin

Vancouver, Ontario, Canada

Spin is an electric scooter-sharing company that provides customers with an alternative for first- and last-mile transportation. Spin was founded in 2017 and is based in Vancouver, Ontario.

Sell $19M