Duteil Avocats advised IMPACT PARTNERS in relation to a minority investment in VELOGIK - GROWTH CAPITAL

Duteil Avocats (David Merlet) advised IMPACT PARTNERS in relation to a minority investment in VELOGIK.

VELOGIK, the leading bicycle maintenance company in France, is opening up 25% of its capital to IMPACT PARTNERS and SERFIM to better conquer the European market.

Founded in 2008 in Lyon by Franck Bredy, the company began by providing bicycle services to companies and local authorities. By subsequently offering bike maintenance and repair services to private individuals, the company was able to develop rapidly and strengthen its position with regards to the face of the competition. In addition, the company has a training campus for bicycle-related professions. With a turnover of 12.5 million euros in 2021, the company has excellent growth prospects.

To accelerate its development in France and expand abroad, starting with European border countries, VELOGIK is opening up 25% of its capital to two investors : IMPACT PARTNERS, is the first European platform dedicated to impact investing, and SERFIM, which also specialises in environmental businesses and is particularly well established in the Auvergne-Rhône-Alpes region. Thus, while new campuses will be opened in France, subsidiaries will also be created in Italy, the Netherlands and Germany.

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