STAR Capital to acquire nextbike from TIER Mobility.

STAR Capital, a private equity firm, agreed to acquire nextbike, a provider of bike sharing, from TIER Mobility, a European provider of micro-mobility solutions. Financial terms were not disclosed. “We are delighted to be partnering with the nextbike management team for the company’s next phase of growth. nextbike has been remarkably successful in establishing itself as the most trusted partner for cities and public transport authorities, and there remain significant opportunities that we look forward to working on together,” Philipp Gensch, STAR Partner.