CMS has advised infrastructure investment firm VisionEdgeOne on the acquisition of Spanish bike-sharing company Inurba Mobility from Sherpa Capital and Moventia Group.
Launched in 2023, VisionEdgeOne’s strategy focuses on logistics, digital, energy transition, and urban sectors, aiming to identify, invest in, and deliver future infrastructure in a sustainable way. This acquisition will support Inurba Mobility’s expansion and growth in the European bike-sharing sector by winning new concessions with European cities looking to become more sustainable.
CMS Partner and Co-Head of Private Equity Narinder Jugpal comments: “We are thrilled to have supported VisionEdgeOne on their first investment. It has been a great opportunity to partner with them in achieving this significant milestone for their exciting strategy. The bike-sharing market is dynamic and growing, driven by ambitious sustainable mobility initiatives and a shift towards greener cities. We are confident that this acquisition will provide Inurba Mobility with the necessary backing to thrive and expand its reach to new cities looking to become more sustainable.”
Adam Ringer, Head of Origination at VisionEdgeOne, adds: “Inurba Mobility is well-positioned to grow within its existing footprint as well as win new concessions, given the strong demand for bikes as an affordable, healthy and green extension of public transport. We are extremely grateful to Narinder and the CMS team for their unwavering support throughout the process. We appreciate their expertise and deep knowledge in bringing this deal to a successful completion.”
The CMS team was led by Narinder Jugpal and included Ben McParland, Jennifer Ross, Diana Psyarenko, Amrit Duhra, Jason Todd, Rebecca Stewart and Ayse Neva Sark (CMS UK), Luis Miguel de Dios,Luis Trigueros von Korff and Itziar Martínez-Pardo (CMS Spain), Thomas Hains, Vincent Desbenoit and Mailys-Claire Diogo (CMS France), Mateusz Stepien and Magdalena Zmyslowska (CMS Poland) and Juan José Hopkins, Andrea Paiba and Gregorio Arakaki (CMS Peru).
With 1,400 corporate lawyers in over 80 offices worldwide, of whom over 250 are based in the UK, the CMS Corporate practice has established itself as a leader in advising private capital managers on their most complex cross-border transactions.
