Clearwater International advises Mainova and ABG FRANKFURT HOLDING on acquisition of 20-drive

Clearwater Advisor

Clearwater International acted as sole financial adviser to Mainova AG and ABG FRANKFURT HOLDING Wohnungsbau- und Beteiligungsgesellschaft mbH on the acquisition of 66% of the share capital of book-n-drive mobilitätssysteme GmbH from Udo Mielke, founder and sole shareholder of the company.

book-n-drive mobilitätssysteme GmbH, headquartered in Wiesbaden, Germany, is one of the top car sharing providers in Germany. With more than 270 vehicles, book-n-drive mobilitätssysteme GmbH serves approximately 8,300 customers in nearly all major cities in Hesse and Rhineland-Palatinate in 2012.

For Mainova AG and ABG FRANKFURT HOLDING Wohnungsbau- und Beteiligungsgesellschaft mbH, with the City of Frankfurt am Main as a main shareholder, the acquisition is a ground-breaking step towards trend-setting mobility concepts and establishing a valuable mainstream product by fulfilling the needs for “green thinking”.

Clearwater International, led by partner Markus Otto, advised Mainova and ABG FRANKFURT HOLDING.