Getaround Divests Its European Carsharing Operations to GoMore, Forming Europe’s Largest Peer-to-Peer Network

Carsted Rosenberg Advokatfirma is pleased to announce its role as Danish counsel to the sellers, as part of the deal team headed by lead counsel Orrick, Herrington & Sutcliffe (Europe) LLP, in connection with the sale of Getaround’s European carsharing business to Danish operator GoMore ApS.

The transaction combines Getaround’s market positions in France, Norway, Belgium, Germany, Spain and Austria with GoMore’s markets in Denmark, Sweden, Finland and Estonia. The combined group operates approximately 70,000 vehicles and serves more than five million users across 11 countries, forming Europe’s largest peer-to-peer carsharing network.

A Cross-Border Sale with a Multi-Layered Financing Structure

The mandate was led by Orrick, Herrington & Sutcliffe LLP (Paris, New York and San Francisco), acting as overall lead counsel for the sellers. Orrick's Paris office led the transaction across Europe and the Nordics. Carsted Rosenberg provided specialist Danish counsel support to the Orrick team on the Danish law aspects of the transaction.

The Carsted Rosenberg team on this transaction was jointly led by partners Dr. Andreas Tamasauskas and Michael Rosenberg, who co-head the firm’s Banking & Finance Practice.

Our work focused on the Danish legal aspects of the transaction, and Carsted Rosenberg advised on the integration of the Danish elements into a multi-jurisdictional sale and financing structure coordinated by the Orrick team in Paris.

Transaction Adviser Group

On the sell side, Stifel Europe acted as sole financial adviser to the sellers, with Alvarez & Marsal provided restructuring advisory support to the sellers. Van Campen Liem acted as Dutch counsel to the sellers, and BAHR acted as Norwegian counsel. Weil, Gotshal & Manges and Gorrissen Federspiel acted for the senior secured creditor of Getaround Inc.

On the buy side, Bech-Bruun acted as Danish counsel to GoMore with Wikborg Rein as Norwegian counsel to GoMore, and Pinsent Masons as French counsel. Plesner advised the lenders Nordea and EIFO, the Danish Export Credit Agency and National Promotional Bank, assisted by Wiersholm in Norway and De Pardieu Brocas Maffei in France.

The combined group brings together two long-standing pioneers of connected, keyless peer-to-peer carsharing. The transaction follows Getaround’s strategic decision to consolidate around its European operations and marks a significant step in the consolidation of the European shared mobility market.

Michael Rosenberg, Partner, commented on the closing:

“We greatly enjoyed working with the Orrick team on this transaction, alongside the wider adviser group. The deal combined a complex cross-border share sale handled by Orrick Paris with a significant Danish element, all delivered to a tight timeline. It reflects the multi-jurisdictional work that Carsted Rosenberg is well placed to support, providing the necessary Danish counsel input within a transaction led from Paris.”

Further Information

For further information on Danish banking & finance and cross-border M&A matters, please contact your usual Carsted Rosenberg adviser or reach out to Michael Carsted Rosenberg, Dr. Andreas Tamasauskas or Dr. Parwis Tikrani at Carsted Rosenberg.

About Carsted Rosenberg

Carsted Rosenberg Advokatfirma is a Danish law firm focused on delivering high-quality legal advice in banking, finance, and cross-border transactions. The firm regularly advises lenders, sponsors, and corporates on complex financings, including acquisition finance, project finance, and export-backed trade and finance structures. With deep experience in both Nordic, German, and international markets, Carsted Rosenberg combines transactional expertise with commercial insight to support clients in navigating legal risk and moving transactions forward.