JDP supported Nextbike in the conclusion of an agreement with LARQ S.A.

Recently, Nextbike signed an agreement with a minority shareholder LARQ SA. Under the agreement, LARQ SA sold all its shares to a majority shareholder, TIER Mobility. As a result of this transaction, TIER Mobility’s share reached 90.04% in the number of shares. What is crucial, this agreement and transaction end the 3-year-long dispute between the shareholders, which involved and influenced Nextbike. This milestone enables our client to fully focus from now on on their operational business activity and brings Nextbike closer to a positive conclusion of the restructuring proceedings.

JDP’s support involved a comprehensive approach and participation in negotiating and drafting agreements and accompanying contractual documentation.

Counseling on this project was provided by: Karol Macias, Senior Associate, and Klaudia Olejniczak, Associate, both Corporate and Commercial Disputes Practice, Arkadiusz Górski, Senior Associate, White Collar Crime Practice; Anna Nowodworska, Senior Associate, and Aleksander Eggink, Associate, both M&A Corporate and Commercial Practice; Magdalena Zasiewska, Co-Head of Tax; Barbara Kaczała, Counsel, and Justyna Kamionowska, Associate, both Commercial Practice; prof. Bogusław Lackoroński, PhD, Of counsel at JDP; supervised by Marcin Chomiuk, PhD (Partner, Head of M&A, Corporate and Commercial Teams).

On the part of TIER Mobility SE, Grzegorz Abram, Partner, Bartosz Smardzewski, Partner, Adam Marszałek, Associate, White & Case were engaged in the project.

Nextbike is the leader and pioneer in bike sharing in Poland and in Europe. The company offers comprehensively designed bike sharing systems integrated with traditional public transport. Thanks to the cooperation with local governments and business partners, the company creates and constantly improves the largest and most popular bicycle systems in Poland.

More on the transaction (in Polish):
https://www.bankier.pl/wiadomosc/NEXTBIKE-POLSKA-S-A-Zawarcie-przez-Spolke-porozumienia-z-Tier-Mobility-SE-Larq-S-A-oraz-Larq-Growth-Fund-I-FIZ-8763602.html 
https://newconnect.pl/komunikat?geru_id=220623&title=Zawarcie+przez+Spółkę+porozumienia+z+Tier+Mobility+SE%2C+Larq+S.A.+oraz+Larq+Growth+Fund+I+FIZ