Castlelake and Santander Provides €125 Million of Asset-Based Financing to Lease Originator GoByBike

Whats Happening:

Castlelake, a global alternative investment manager, has provided a €125 million financing facility to GoByBike, a Finnish originator of bicycle leases. The facility is part of Castlelake's asset-based private credit investment strategy and enables GoByBike to simplify its capital structure and expand its business. Santander CIB provided senior financing as part of the facility.

Key Moves:

• Castlelake provides €125 million financing facility to GoByBike

• Santander CIB provides senior financing as part of the facility

• GoByBike to simplify capital structure and expand business

By The Numbers:

• €125 million financing facility provided to GoByBike

• Castlelake manages approximately $25 billion of assets

• Castlelake has invested more than €7.2 billion across 18 European countries since 2006

Key Quotes:

• "We are pleased to provide GoByBike with a creative capital solution and demonstrate Castlelake's ongoing participation as a source of private credit in the European markets," - Alexander Curcio, Partner at Castlelake

• "This financing agreement with Castlelake and Santander is tailored to our needs at a scale that significantly expands our capacity to offer benefit bicycles to Finnish employers and employees," - Tommi Ylönen, GoByBike CEO

Bottom Line:

Castlelake's €125 million financing facility to GoByBike demonstrates the fund's continued commitment to providing asset-based private credit solutions in Europe. This deal showcases Castlelake's ability to offer creative capital solutions tailored to the needs of businesses like GoByBike, enabling them to expand and meet market demand.

Read Full Article