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Tier sells bike share firm nextbike to private equity company

Deniz Huseyin
09 May 2024
 

Tier Mobility has sold German bike share firm nextbike sale to private equity firm STAR Capital Partnership LLP. This means nextbike will once more operate as an independent entity.

The move follows Tier’s official merger with Dott last month.

Tier acquired nextbike in November 2021. The new sale was advised by German independent financial advisor Pava Partners, and nextbike’s company name will change to nextbike GmbH after the shares have been transferred from Tier Mobility SE to...

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