Background
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Bloomfleet S.p.A (Bloomfleet) develops and manages innovative integrated solutions for the automotive and mobility industry
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Bloomfleet provides fleet management through their application platform ‘Bloomoove’ as well as on-board unit (OBU) management
Process
- DC Advisory (DC) was engaged as financial advisor by Bloomfleet given its expertise in the sector and existing relationship with Bloomfleet's shareholders
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DC worked closely with the shareholders and management team to support them during the entire sell-side process
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DC provided comprehensive financial and strategic advice, including process strategy, due diligence coordination, close support during negotiations and transaction documentation preparation
Outcome
- Following a detailed due diligence process, Bloomfleet signed a sale and purchase agreement with Shell on 29 May 2023
- Shell acquired 40% of the share capital of Bloomfleet
For more information, please see our transaction disclaimer
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