Hogan Lovells advising Tikehau Capital on its acquisition of a majority stake in CROWD
Amsterdam, 20 July 2023 – Global law firm Hogan Lovells is advising Tikehau Capital, a global alternative asset manager, on its acquisition of a majority stake in CReators of the Outside WorlD (CROWD), a pan-European leading provider of cycling infrastructure and sustainable street furniture, from i.a. Convent Capital.
Danielle du Bois-Buné, lead Hogan Lovells partner for the transaction, said: "It’s been a real pleasure to work with the excellent Tikehau Capital team on the acquisition of a majority stake in CROWD and to support their flagship Private Equity decarbonisation strategy, one of the largest private equity initiatives singularly committed to driving the decarbonisation of the economy. The transaction furthermore underlines Hogan Lovells’s private equity expertise, enabling our team to swiftly and effectively execute this high-end strategic cross-border private equity transaction."
Founded in 2014, CROWD provides premium cycling infrastructure and street furniture products, with a focus on circularity and digital city solutions. Tikehau Capital’s majority investment in CROWD will mark a key milestone in the execution of CROWD’s growth strategy. Through this partnership, Tikehau Capital will amongst others provide CROWD with operational and strategic support to consolidate its market-leading position, leverage its global network to accelerate its international development and expand its product portfolio with tech-enabled products. CROWD’s management team will be reinvesting significantly alongside Tikehau Capital.
Tikehau Capital’s investment will be made via its flagship Private Equity decarbonisation strategy and represents the twelfth investment to date. Launched in 2018, this €1.4 billion strategy is one of the largest private equity initiatives singularly committed to supporting small and medium-sized companies that are driving the decarbonisation of the economy.
The completion of the Transaction is subject to customary closing conditions, such as customary regulatory approvals. For more information about the Transaction, please see here.
The Hogan Lovells team is led by Corporate partner Danielle du Bois-Buné with support from a cross-border, cross-practice team. Key support was provided by Tijmen Bongartz (consultant, Corporate), Bastiaan van Rath (senior associate, Corporate), Marieke Plaisier (associate, Corporate), Alexander Fortuin (partner, Tax), Matthijs Dols (senior associate, Tax), Wouter Jongen (partner, Banking) and Siddharth Saxena (counsel, Banking).
Other team members who supported on the transaction, include: Tom van Duuren, Joke Bodewits, Maria Benbrahim, Ludovic Geneston, Carola Houpst, Chantalle Schoegje, Art van der Pols, Dr. Thomas Frank, Emily Sharkey, Stefan Dusault, Konstantin Weber, Gaspare Chirillo, Maryll Pizzetta, Felix Ackermann, Mariëtte Vis, Imane Azdad, Giannina Leander, Judith Altenburg, Niklas Knop, Paul Single, Jennifer Hofmann, Annika Lind, Bea Watts, Charmayne Sijm, Mahsa Amiri Bavandpour, Linda Ruan, Daan Koenrades, Béatrice Meulen, Daan Dopheide, Babette Dol, Jennifer Aveling, Famke Rothstegge, Pemi Arowojolu, Clare King, Dominic Starke, Jamie Tang, Eran Lapid and David Wesselman.
In addition, Plesner (Brian Bundgaard and Annemette Guldborg Jensen) advised on Danish law.