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New Deal


Announced

CDPQ and Sequoia Capital invested $350m in Bird Rides.

Financials

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Transaction Value£267m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Transportation Services

Minority

Single Bidder

United States

Acquisition

Private Equity

micromobility

Private

Pending

Friendly

Synopsis

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Caisse de dépôt et placement du Québec and Sequoia Capital invested $350m in Bird Rides, the global company in sustainable micromobility. Bird operates shared electric scooters in over 100 cities globally, offering an increasingly popular clean mobility option for short urban rides. “Bird fits directly within our strategy to invest in innovative and disruptive tech sectors such as sustainable mobility. This new partnership also supports our commitment to take part in the transition toward a less carbon-intensive global economy. We look forward to continue building a business which provides micromobility solutions in cities around the world." Jeffrey R Smith, Senior Managing Director, Digital Investment Strategy, CDPQ.

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