ARCANO advised Serveo, backed by Portobello, on the sale of its bikesharing business to Lyft Urban Solutions

ARCANO has acted as exclusive financial advisor to Serveo on the sale of its bikesharing business to Lyft Urban Solutions.

Transaction rationale

The transaction involves the integration of Serveo’s bikesharing business into Lyft Urban Solutions, bringing one of Spain’s leading shared bicycle platforms into an international operator specialized in micromobility.

Lyft Urban Solutions strengths its presence in the Spanish urban mobility market.

The transaction ensures service continuity under a specialized global operator, supporting the development of the business within an international platform of reference in urban mobility solutions.

The transaction involves the acquisition by Lyft Urban Solutions of Serveo’s bikesharing business, including the team and the management of more than 22,000 shared bicycles across seven Spanish cities. The transaction will allow Lyft Urban Solutions to integrate this business into its global micromobility platform, while Serveo continues to focus its activity on its strategic service areas.

Serveo, a portfolio company of Portobello Capital, is a leader in efficient and sustainable transversal services, with more than 30 years of experience. The company provides services to the healthcare, industrial, public administration, infrastructure, and corporate sectors, with a nationwide presence across Spain.

Lyft Urban Solutions is Lyft’s micromobility division and develops and operates public bikesharing systems in cities around the world, including Citi Bike in New York and Santander Cycles in London. Through this acquisition, the company incorporates Serveo’s bikesharing activity and strengthens its presence in Spain.

This transaction further reinforces ARCANO’s position as a leading financial advisor in M&A transactions for mobility services and infrastructure companies, supporting clients in strategic transformation and sector consolidation processes.