Inurba Mobility: Sherpa Capital and Moventia Conclude Sale to VisionEdgeOne
Deal News | Apr 24, 2025 | Iberian Lawyer
Squire Patton Boggs has successfully advised Sherpa Capital and Moventia on the sale of their majority stake in Inurba Mobility to VisionEdgeOne (VE-1), a fund backed by GCM Grosvenor. Inurba Mobility, originating as a spin-off from the Mart family's Catalan mobility group, has established itself as a top player in the European micromobility sector, offering urban bike solutions across various cities including Gdansk, Helsinki, Clermont-Ferrand, and Gijón. The deal, finalized upon securing necessary operating license renewals, marks a significant milestone in Spain's mobility sector. The legal process was led by Squire Patton Boggs' partner Pablo García and senior associate Luis Gutiérrez from their Madrid office.
Sectors
- Mobility
- Private Equity
- Infrastructure Investment
Geography
- Spain – Inurba Mobility is a Spanish company, and Sherpa Capital and Moventia, the sellers, are based in Spain.
- United States – VisionEdgeOne, the acquiring fund, is backed by U.S.-based GCM Grosvenor, indicating a U.S. interest in the transaction.
- Europe – Inurba Mobility operates in multiple European cities, highlighting its geographic focus in this region.
Industry
- Mobility – The article discusses Inurba Mobility, a leading player in the European micromobility sector, which is indicative of the Mobility industry.
- Private Equity – Sherpa Capital's involvement as the owner selling its stake in Inurba Mobility is typical of Private Equity activity.
- Infrastructure Investment – VisionEdgeOne is described as an infrastructure investment fund, indicating involvement in this industry sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Inurba Mobility | Target Company | Company | A leading urban bike platform in Europe, formerly known as CityBike. |
| Sherpa Capital | Selling Company | Company | A private equity firm that held a majority stake in Inurba Mobility. |
| Moventia | Selling Company | Company | Part of the seller consortium with Sherpa Capital in the Inurba Mobility transaction. |
| VisionEdgeOne (VE-1) | Bidding Company (Buyer) | Company | An international infrastructure investment fund that acquired the majority stake in Inurba Mobility. |
| GCM Grosvenor | Backing Entity | Company | A U.S.-based firm that backs VisionEdgeOne, the acquiring entity. |
| Squire Patton Boggs | Legal Advisor | Company | The law firm that advised Sherpa Capital and Moventia on the sale transaction. |
| Pablo García | Lead Lawyer | Person | Partner at Squire Patton Boggs who led the legal team for the transaction. |
| Luis Gutiérrez | Senior Associate | Person | Senior associate at Squire Patton Boggs involved in advising the transaction. |