GP Bullhound advised Cooltra on €50m capital increase

Turbocharging mobility on two wheels.

June 08, 2021

Barcelona, 8 June 2021 - GP Bullhound acted as exclusive financial advisor to Cooltra and its shareholders on its €50 million capital increase. The transaction included a €20 million investment by Francisco Riberas, Chairman of auto-parts manufacturer Gestamp Automocion [BME:GEST], with the remainder structured as a debt conversion from existing shareholders. The new partnership will help accelerate Cooltra’s robust growth, support expansion in new markets, and strengthen its balance sheet for potential acquisitions.

Team

Sector

Digital Commerce

Region

Southern Europe

Cooltra, headquartered in Barcelona, has established itself as Europe’s leading mobility solution provider on two wheels. With a track record of 15 years in the mobility sector, the firm has built a unique platform to provide two-wheel mobility solutions, such as electric moto-sharing and bike-sharing as well as scooter rental for individuals, businesses and public administrations.

Timo Buetefisch, Co-Founder and CEO of Cooltra, commented: “We are looking forward to partnering with Francisco Riberas and his team as we enter our next phase of growth. Together, we aim to scale our business further, accelerate our growth, and further consolidate as the leader in mobility on two wheels. GP Bullhound has been a great advisory partner to us. Their sector expertise, hard work, and highly efficient process were instrumental in delivering the ideal transaction to continue our mission.”

Miguel Kindelán, Head of Spain at GP Bullhound, stated: “We are proud to have advised Cooltra and its shareholders to embark upon this partnership with Francisco Riberas. Cooltra is well positioned to consolidate its leadership in the booming mobility sector, and we look forward to seeing them become the undisputed leader in the years to come.”

This transaction is further testament to GP Bullhound’s expertise in the Mobility and Marketplaces sectors, following previous transactions completed for Oxbotica (growth investment led by BP Ventures), 7NXT (acquired by Oakley Capital) and Baltic Classifieds Group (acquired by Apax Partners), among many others.

Enquiries
For enquiries, please contact:
Miguel Kindelán, Executive Director, at miguel.kindelan@gpbullhound.com
Jaime Sendagorta, Vice President, at jaime.sendagorta@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com