Brockhaus Technologies sells bike leasing group to Decathlon

Frank­furt a. M. — Brock­haus Tech­no­lo­gies AG has sold its approx. 52% stake in BLS Betei­li­gungs GmbH (“Bikelea­sing”). The buyer is DECATHLON PULSE SAS, a wholly-owned subsi­diary of the France-based global sports brand DECATHLON. The purchase agree­ment provi­des for a company valua­tion of Bikelea­sing in the amount of EUR 525 million. 

The purchase price for the shares in BLS Betei­li­gungs GmbH will be calcu­la­ted on the closing date (expec­ted in the course of H1 2026), taking into account the cash and cash equi­va­lents, finan­cial liabi­li­ties and net working capi­tal of the Bikelea­sing subgroup available on this date (closing accounts concept). Based on the conso­li­da­ted figu­res of the Bikelea­sing Group as at Septem­ber 30, 2025, an exam­ple calcu­la­tion results in a pro rata purchase price for the shares in BLS Betei­li­gungs GmbH attri­bu­ta­ble to Brock­haus Tech­no­lo­gies of appro­xi­m­ately EUR 240 million, although this may still vary based on future figu­res as at the closing date. 

The closing of the tran­sac­tion is still subject to the closing condi­ti­ons, in parti­cu­lar the merger control clearan­ces as well as the successful comple­tion of the requi­red owner control procee­dings by DECATHLON and the appr­oval of the Annual Gene­ral Meeting of Brock­haus Technologies.

Brock­haus Tech­no­lo­gies AG, based in Frank­furt am Main, is a tech­no­logy group that acqui­res high-margin, high-growth tech­no­logy and inno­va­tion cham­pi­ons with B2B busi­ness models in the German SME sector.

Advi­sor Brock­haus Tech­no­lo­gies AG: POELLATH

Phil­ipp von Braun­schweig, LL.M. (Ford­ham) (Part­ner, Lead, M&A/Private Equity, Munich)
Tobias Jäger (Part­ner, Co-Lead, M&A/Private Equity, Munich)
Dr. Nico Fischer (Part­ner, Tax Law, Munich)
Daniel Wied­mann, LL.M. (NYU) (Asso­cia­ted Part­ner, Anti­trust Law, Frank­furt aM)
Dr. Matthias Meier (Coun­sel, M&A/Private Equity, Munich)
Fran­zisca Anna Stucken­berg (Coun­sel, Finan­cial Regu­la­tory Law, Frank­furt aM)
Michael Andreas Haase (Coun­sel, Stock Corpo­ra­tion and Capi­tal Markets Law, Frank­furt aM)
Dr. Saskia Bardens (Senior Asso­ciate, Tax Law, Munich)
Michael Schwarz (Senior Asso­ciate, Tax Law, Munich)
Lukas Wörlein (Asso­ciate, M&A/Private Equity, Munich)
Daniel Hoppen (Senior Asso­ciate, Anti­trust Law, Frank­furt aM)
Emanuel Trotta (Asso­ciate, Stock Corpo­ra­tion and Capi­tal Markets Law, Munich)
Chris­tina König (Asso­ciate, Stock Corpo­ra­tion and Capi­tal Markets Law, Frank­furt aM) 

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