Gide advised Drivy, a French car rental platform for individual customers, and its shareholders, in connection with the sale of 100% of its share capital to the American car-sharing platform Getaround.
In the agreement, Drivy was valued at $300 million.
Getaround now boasts more than five million users and “is expanding its presence in six European countries: France, Germany, Spain, Austria, Belgium and the United Kingdom”, covering 170 cities altogether.
The Gide team advising Drivy was led by Pierre Karpik and Axelle Toulemonde, partners, with Amandine Coulomb and Thomas Lettieri, associates, for corporate/M&A matters, Magali Buchert, partner, for tax law matters and François Vergne, partner, for labour law matters.
Jones Day advised some of Drivy's financial investors.
Wilson Sansini Goodrich & Rosati advised Drivy and its shareholders on the US law aspects of this transaction.
MBA & Associés also advised Drivy on some corporate aspects. Baker & McKenzie advised some other financial investors of Drivy.
Orrick advised Getaround.