European private capital firm Bregal Milestone has completed an investment into Greenstorm, an e-mobility and e-commerce company based in Kufstein, Austria.
The investment was made from a €400m fund dedicated to investing in European growth companies. Bregal Milestone’s commitments typically range from €20m to €60m.
Greenstorm provides e-mobility services to around 1,000 hotels, corporates and retailers in central Europe. The company operates a large fleet of e-bikes, allowing its clients to equip customers and employees with high end e-bikes and electric vehicles and provides a comprehensive set of services.
Bregal Milestone partners with co-CEOs and shareholders Richard Hirschhuber and Philipp Zimmermann and their team to accelerate the company’s growth, expand its geographic reach and further develop its e-commerce offering to build a leading European business in the mobility and travel space.
Richard Hirschhuber and Philipp Zimmermann, co-CEOs of Greenstorm, said: “Bregal Milestone’s investment and hands-on support will help us achieve our ambitious growth targets. We are excited to have found an entrepreneurial partner with a broad international network. We will take the successful Greenstorm model to more clients and new regions in the coming years, expand our leadership in the e-mobility space and build a strong pan-European e-commerce presence.”
Jan Bruennler, Managing Partner at Bregal Milestone, added: “We are delighted to be in partnership with the Greenstorm team as they embark on the next stage of growth. Greenstorm provides its loyal customers with an unmatched e-mobility offering and the team’s strategy will drive strong growth in the years to come. Greenstorm’s e-commerce presence in the mobility and travel space is particularly promising as we look forward to working with Richard, Philipp and their team to further develop this aspect of their business and drive profitable growth.”
Greenstorm was supported in this transaction by Reed Smith and Eisenberger & Herzog as legal counsel. Bregal Milestone was supported by Shearman & Sterling, Dorda Rechtsanwälte, EY, Deloitte and OC&C Strategy Consultants.
