JobRad Holding SE, the European leader in bicycle leasing, requested Level Next to assist the group in approaching Cyclis Bike Lease with a view to a possible takeover. The Level Next team successfully completed this buy-side mandate as JobRad’s exclusive M&A advisor. In addition to reaching a final agreement between all parties involved, Level Next also assisted them in obtaining adequate acquisition financing.
Cyclis Bike Lease is the market leader in Belgium, makes more than 36,000 cyclists happy every day and achieves an annual turnover of 50 million euros.
JobRad focuses on bicycle leasing for companies, bicycle repairs and HR-Tech. The group has more than 1,000 employees in Germany, Austria and now also Belgium and the Netherlands. In Germany, JobRad has already convinced more than 1.5 million people to lease a bike.
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