GoByBike Secures €125 Million Financing from Castlelake and Santander

Castlelake L.P., a global alternative investment manager, and Santander CIB have extended a €125 million financing facility to GoByBike, a Finnish company specializing in leasing bicycles to businesses, public authorities, and corporations involved in employee bicycle benefit programs. The facility, provided as part of Castlelake's asset-based private credit strategy, aims to support GoByBike's business expansion by addressing rising demand. Alexander Curcio of Castlelake noted that the investment underscores the firm's commitment to providing private credit in Europe. CEO of GoByBike, Tommi Ylnen, highlighted that the partnership with institutional investors provides resources that smaller, local lenders could not match. Since 2006, Castlelake has been active in European asset-based opportunities, having invested over €7.2 billion and acquired or financed more than 8,000 assets across 18 European countries. The firm manages approximately $25 billion in assets and operates from offices in North America, Europe, and Asia.