PwC Legal and PwC advise Tier Mobility on current Series D Financing Round of USD 200m
Berlin, 27th October 2021
PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) and PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC Germany) have provided comprehensive legal and tax advice to Tier Mobility AG on the current Series D Financing Round of USD 200m. Numerous existing investors including SoftBank Vision Fund 2, Mubadala Investment Company’s financial investment arm Mubadala Capital, RTP Global, Novator, White Star Capital, Northzone and Speedinvest participated in the current financing round alongside further new investors including M&G Investments and Mountain Partners. Tier Mobility AG intends to use the funds for acquisitions and strategic investments and to significantly expand its international coverage across strategic growth markets.
In addition, PwC Legal and PwC Germany have provided comprehensive legal and tax advice regarding certain restructuring measures by Tier Mobility, especially the change of legal form into an AG.
Tier Mobility AG is Europe’s leading provider of micro-mobility and hence a driving force behind the change in the transport sector, which aims to significantly reduce car traffic in cities by providing a wide range of electric vehicles. Tier Mobility AG operates in more than 150 cities across 16 countries in Europe and the Middle East. The company is headquartered in Berlin. Founders of the company are Lawrence Leuschner, Matthias Laug and Julian Blessin.
Advisors to Tier Mobility AG:
PwC Legal (Berlin):
Gerhard Wacker (lead), Klara Körber, Thomas Moritz, Christian Hohlwein, Moritz Gröning, Stephan Söbbeke (all Corporate / M&A); as well as, Udo Wißwede (lead), Dr. Frank Degenhardt, Stefanie Spatz (all Employment Law).
PwC Germany (Berlin):
Martin Pirner (lead), Lea Algermissen, Carolin Stein (all Corporate Tax / International Tax Services)
Advisors to SoftBank Vision Fund 2, Mubadala Capital and M&G Investments:
White & Case LLP (London, Berlin):
Daniel Turgel (lead), Christian Holbrook, Hans-Georg Schulze, Laura Buchholz (all Corporate / M&A)
Advisors to White Star Capital:
Dentons (Montréal, Berlin):
Giancarlo Salvo, Philippe Decary (both lead), Salvatore Tedone, Matthias Hause, Thomas Schubert (all Corporate / M&A)
Advisors to AXA Konzern AG:
Seitz Rechtsanwälte Steuerberater Partnerschaftsgesellschaft mbB (Cologne):
Dr. Daniel Grewe, LL.M. (Corporate/M&A)
About PwC Legal:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal. More than 220 lawyers at 18 locations. Integrated legal advice for the practice.
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 155 countries with over 327,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.