Car-sharing platform BlaBlaCar, headquartered in Paris, has acquired 100 per cent of the shares in Munich-based carpooling.com, which operates the online portals mitfahrgelegenheit.de and mitfahrzentrale.de.
This acquisition sees the BlaBlaCar community growing to more than 20 million members in 18 markets across Europe and Asia. Members use the online system to arrange a lift or make a car-share offer.
A CMS team headed by lead partner Stefan-Ulrich Müller advised Earlybird Venture Capital and the shareholder founders of carpooling.com on all legal aspects of the sale. Daimler AG also held shares in the company.
Earlybird is based in Berlin and focuses on investment in high-tech companies from sectors such as Internet-based services, communications technology, cleantech and medical technology.
