Watson Farley & Williams (“WFW“) advised investment manager SUSI Partners AG (“SUSI Partners”) on a new financing granted to German bike sharing provider nextbike GmbH (“nextbike”). As part of the transaction, the SUSI Energy Efficiency & Transition Credit Fund will finance bike sharing infrastructure in cities across Europe, starting with projects in Germany as well as in Poland.
SUSI Partners is an independent, specialist investment manager providing institutional investors with access to mid-market private infrastructure opportunities arising from the global energy transition. With over 15 years of activity and €1.9bn invested in more than 25 countries to date, the firm has a proven track record across the energy transition investment theme.
Leipzig -based nextbike has installed bike share schemes in 300+ cities since its foundation in 2004, establishing itself as the leading provider of such solutions across Europe. Its services comprise the development, implementation and operation of tailor-made bike sharing solutions, including provision and maintenance of various types of bicycles as well as the corresponding infrastructure, such as docking stations and digital solutions for rental processing.
The WFW Germany Assets & Structured Finance team that advised SUSI Partners was led by Frankfurt Partner Frederik Lorenzen, supported by Hamburg Managing Associate Sebastian Olbertz as well as Frankfurt Senior Associate Alexander Piepenbrock and Associate Müyesser Demirel.
Frederik commented: “We are pleased to have once again advised our long-standing client SUSI Partners on a forward-looking financing that promotes sustainable mobility. This mandate once again highlights WFW’s outstanding expertise advising on innovative infrastructure financing transactions”.
