At what enterprise value was BIKELEASING (BLS BETEILIGUNGS) acquired in 2026?

During the acquisition of BIKELEASING (BLS BETEILIGUNGS) by DECATHLON PULSE in 2026, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of BIKELEASING (BLS BETEILIGUNGS) when it was acquired by DECATHLON PULSE?

The estimated EV/EBITDA multiple for BIKELEASING (BLS BETEILIGUNGS) is in the range of 10x - 18x.

What was the revenue of BIKELEASING (BLS BETEILIGUNGS) at the time of the deal?

The revenue of BIKELEASING (BLS BETEILIGUNGS) at the time of the deal is estimated to be in the range of 100M - 200M EUR.

What was the EBITDA of BIKELEASING (BLS BETEILIGUNGS) during the acquisition?

BIKELEASING (BLS BETEILIGUNGS)'s EBITDA is estimated to be in the range of 25M - 50M EUR.

How is the data for the BIKELEASING (BLS BETEILIGUNGS) acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the BIKELEASING (BLS BETEILIGUNGS) deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.brockhaus-technologies.com/en/brockhaus-technologies-ag-sale-of-the-stake-in-the-bikeleasing-group/

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Home Database Financial ServicesBIKELEASING (BLS BETEILIGUNGS)

01/2026

BIKELEASING (BLS BETEILIGUNGS) acquired by DECATHLON PULSE

GERMANY Specialty Finance / Asset Leasing & Financing EV 500M - 1.5b EUR

Context

Brockhaus Technologies AG has entered into a definitive agreement to sell its approximately 52% majority stake in Bikeleasing to Decathlon Pulse SAS. The strategic rationale for Decathlon is to accelerate its transition into the high-growth corporate mobility sector and secure a market-leading digital platform in Germany. For Brockhaus Technologies, the sale represents a successful exit from one of its core "innovation champions," generating approximately €240 million in gross proceeds (based on Q3 2025 estimates). The deal is structured using a "closing accounts" concept, adjusting for net debt and working capital at the time of completion. The transaction remains subject to regulatory approvals and is expected to close in the first half of 2026.

BIKELEASING (BLS BETEILIGUNGS), which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Financial Services sector (12.5x).

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Target

Founded in 2015, Bikeleasing is a leading German B2B service platform specializing in company bike leasing solutions. Its business model connects employers, employees, and bicycle dealers through a digital ecosystem that facilitates tax-optimized leasing contracts (salary sacrifice). The company’s value proposition centers on promoting sustainable corporate mobility while reducing costs for employees and administrative burdens for HR departments. Strategically, Bikeleasing operates as a high-margin technology champion within the German "Mittelstand," leveraging a vast network of partner dealers to provide a comprehensive range of bicycles and e-bikes. By digitalizing the entire leasing lifecycle—from automated insurance to maintenance management—the firm has established a dominant position in the green mobility services market.

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Similar deals in Specialty Finance

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2026	A.P. MOLLER HOLDING	OCEAN YIELD	NORWAY	Aviation & Maritime Leasing
05/2026	GLOBAL NET LEASE	MODIV INDUSTRIAL	UNITED STATES	Asset Leasing & Financing
07/2025	DOVALUE	COEO GROUP	GERMANY	Specialized Lending
05/2025	DUBAI AEROSPACE ENTERPRISE (DAE)	NORDIC AVIATION CAPITAL	UNITED STATES	Aviation & Maritime Leasing
05/2025	IK PARTNERS	DATAPART Factoring	GERMANY	Factoring
01/2022	BRIDGEPOINT	SPARTFIN (PARTNERS FINANCE)	FRANCE	Consumer Credit
11/2019	ANDERA PARTNERS	AUXIGA	FRANCE	Factoring
03/2018	B2HOLDING	VERALTIS (EX NACC)	FRANCE	Specialty Finance
01/2017	BRIDGEPOINT	ZENITH	UNITED KINGDOM	Fleet Management Finance
07/2015	IK PARTNERS	AUXIGA	FRANCE	Factoring

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 100M - 200M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BIKELEASING (BLS BETEILIGUNGS) by DECATHLON PULSE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: bikeleasing (bls beteiligungs)

Acquirer: decathlon pulse