Global law firm White & Case LLP has advised TIER Mobility on an agreement to merge with Dott, a transaction which brings the companies together to form Europe's leading micro-mobility operator, with combined revenues of €250 million and over 125 million trips a year in more than 20 countries.
The transaction will be combined with a new equity financing round led by Mubadala Capital and Sofina, with other investors including Estari, M&G, Naspers, Novator and White Star Capital all participating. The transaction is conditional and is expected to close within the next two months.
White & Case has previously advised TIER on numerous equity and debt financings and several acquisitions and disposals, including TIER's acquisition and subsequent sale of the United States micro-mobility business Spin and its acquisition of the European bike sharing business Nextbike.
The White & Case team that advised on the transaction was led by partner Daniel Turgel and associate Angus Nunn (both London) and included partners Tom Falkus, Helen Pantelides, Di Yu, Alex Woodfield, Nicholas Greenacre, Marc Israel, Will Smith (all London), Carola Glasauer, Tobias Heinrich, Bodo Bender, Dennis Heuer (all Frankfurt), Chang-Do Gong (New York) and Hans-Georg Schulze (Berlin), local partner Albrecht Schaefer (Frankfurt) and associates Irina Fogarty, Marta Zieba, Kristy Duru, Iman Adebowale, JX Zheng, Joao Lacerda, Lily Teh (all London), Reetu Vishwakarma, Carsten Schreiner (both Frankfurt), Dilara Erik, M.K. Kang (New York).
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