Eight Advisory assisted JobRad Group with the acquisition of Cyclis Bike Lease

Cyclis Bike lease has been offering bike leasing contracts through employers since 2014. The company offers a full de-leveraging service with 24/7 service and a network of more than 1,300 bike stores across Belgium. Every day Cyclis facilitates more than 35,000 cyclists. The firm achieves an annual turnover of 50 million euros. 

JobRad Group is one of the leading providers of innovative services around sustainable and flexible bicycle mobility. The group comprises companies from corporate bike leasing to bike refurbishment and HR-Tech. With the JobRad© brand, the JobRad Group is the market leader in corporate bike leasing.  

Eight Advisory team members supporting this transaction:  

• Financial due diligence: Pieter Wygaerts (Partner), Margot De Vylder (Director), Nicolas Smeyers (Manager), Quinten Casteleyn (Analyst) 

 Eight Advisory Tax team members supporting this transaction:  

• Tax due diligence and tax structuring: Christian Van Craeyvelt (Partner), Jean-Louis Vansimaeys (Manager), Ward Sandra (Senior)