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New Deal


Announced

RTP Global, Novator and Mubadala Capital led a $100m Series B funding round for TIER Mobility.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Transportation Services

Acquisition

Pending

Venture Capital

Germany

Minority

Friendly

micromobility

Private Equity

Private

Single Bidder

Synopsis

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RTP Global, Novator and Mubadala Capital led a $100m Series B funding round for TIER Mobility, a European provider of micro-mobility solutions. "Since launching in 2018, TIER has consistently driven innovation in the sector. With further scale, new fleet and the exciting pipeline of investments planned for 2020, TIER is set to further cement its position as the European leader in the space, and we are excited about contributing to the journey ahead," Birgir Már Ragnarsson, Novator Partner.

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