Baker Tilly advises Green Mobility Holding on acquisition in Belgium

With the acquisition of o2o, GMH is taking its first step into other European countries, thus starting the announced internationalization just a few months after the change of the majority shareholder. As recently as May 2023, funds advised by DPE Deutsche Private Equity sold their majority stake in GMH to European private equity firm Rivean Capital, with significant support from an interdisciplinary Baker Tilly team.

For the acquisition of o2o, the Baker Tilly team with Partner Frank Stahl (German CPA/Tax Advisor) and Manager Felix Burghart was responsible for the financial due diligence as part of the transaction. The advisory services were completed by the tax due diligence with the involvement of Baker Tilly Belgium and under the coordination of Partner Uwe Roth (tax advisor) and Director Stefan Lehner (tax advisor). With the acquisition of o2o, GMH gains 45 employees in Belgium.

Munich-based GMH is Europe’s leading technology-based (e-)bike leasing group. Through its subsidiaries Company Bike and mein-dienstrad.de, it concludes framework agreements with corporate customers who provide bicycles to their employees as lessees. Employees benefit from tax advantages and services such as maintenance and insurance. Customers include Deutsche Telekom, Daimler Truck, Funke Mediengruppe and Johanniter. In 2022, GMH generated sales of around 140 million euros with its more than 200 employees throughout Germany.