Back to Transactions
Technology

Emotion Mobility, a portfolio company of PSG Equity, has been refinanced

Emotion Mobility

Emotion is the European market leader in the rental mobility software segment, with a growing global footprint spanning Europe, the Middle East and Asia and traction in adjacent mobility verticals (e.g., leasing, subscription, courtesy). Through its solutions portfolio, Emotion offers a comprehensive end-to-end Software as a Service (SaaS) platform covering every stage of the rental lifecycle, including pricing, bookings, contract management, invoicing, embedded payments and fleet optimization, tailored to serve the complex needs of mobility operators.

Emotion is trusted by a range of blue-chip brands, including the Big 5 rental brands, original equipment manufacturers (OEMs) and international and national brands. Headquartered in Portugal and with more than 30 years of experience in the mobility software sector, Emotion has built an impressive global footprint and significant scale, with more than 600,000 vehicles in fleet under management.

The Deal

Lincoln International served as exclusive debt advisor to Emotion, leading a structured financing process to refinance the company’s equity bridge and put in place new working capital facilities to support the next phase of growth.

Leveraging deep relationships across the European and global lending markets, Lincoln secured a package that optimized Emotion’s capital structure and enhanced liquidity, with terms aligned to the company’s recurring revenue profile and cashflow visibility. The package was underwritten on run-rate adjusted metrics reflecting billings and ARR dynamics, supporting an underwriting process tailored for a scaling SaaS platform. The resulting solution provides flexibility to continue investing in product development, international expansion and selective mergers and acquisitions (M&A).

This transaction underscores Lincoln’s ability to deliver cross-border financing solutions for software businesses, combining sector understanding with disciplined execution to achieve durable capital structures in today’s market.

Our Perspective

Aude Doyen, Managing Director at Lincoln International, commented, “In today’s financing environment, lenders are placing greater emphasis on revenue durability, cashflow visibility and structure. Emotion’s recurring revenue profile and strong customer retention supported an efficient process and high levels of lender engagement. By structuring the facilities using run-rate adjusted metrics aligned to the company’s billings and growth profile, we secured a solution that strengthens liquidity and provides flexibility to support continued investment and strategic M&A.”

Related
Perspectives

Connect with a Senior Team Member
The financing arrangement secured by Lincoln supports Emotion’s continued expansion and our growth ambitions. The team brought a strong understanding of the business, structuring a flexible facility for the next phase of our investment. Their support extended beyond closing, including raising an additional revolving credit facility to further strengthen the company’s capital structure.
Romain Railhac
Managing Director, PSG Equity

Meet our Senior Team in Capital Advisory

Aude Doyen

Managing Director & Co-Head of Capital Advisory, Europe

London

Iván Marina

Managing Director & Head of Spain

Madrid

Oliver Dino-Guida

Director

Madrid

View More Transactions in Capital Advisory

VirTex Enterprises has been sold to NEOTech, a portfolio company of Arkview Capital

Lincoln International advised VirTex Enterprises, a provider of high-reliability electronic manufacturing services for mission-critical and regulated markets, on its sale to NEOTech, a portfolio company of Arkview Capital.

Technology
IceLake has refinanced Studibo

Lincoln International acted as exclusive debt advisor to IceLake and Studibo on the refinancing of the group’s existing debt facilities and the establishment of a scalable financing platform to support the company’s continued buy-and-build strategy across Europe.

Business Services
Lincoln International advised RedBird Capital Partners on committed acquisition financing to support its acquisition of Affinia, a UK-based accounting services platform

Lincoln International advised RedBird Capital Partners on committed acquisition financing to support its acquisition of Affinia, a UK-based accounting services platform.

Business Services
Univet, an investee company of InfraVia, has raised incremental senior facilities

Lincoln International acted as exclusive debt adviser to Univet, an investee company of InfraVia, on the raising of incremental senior committed facilities.

Healthcare
MG Partners has refinanced Nederlandse Klinieken Groep

Lincoln International advised MG Partners and Nederlandse Klinieken Groep on the refinancing of the group’s existing debt facilities.

Healthcare
Kids2 Refinances Existing Credit Facilities to Support Continued Growth

Lincoln International served as exclusive financial advisor to Kids2 in connection with the refinancing of its existing credit facilities.

Consumer
Microporous Products, L.P. has received a growth financing investment from Eagle Point Credit, Elda River and Trent Capital Partners

Lincoln International advised Microporous Products, L.P. on a growth financing investment from Eagle Point Credit, Elda River and Trent Capital Partners.

Industrials
Fremman Capital has acquired Incendin from Straco

Lincoln International advised Fremman Capital on its acquisition of Incendin, a European leader in sustainable fire protection solutions, from Straco.

Chemicals | Industrials
View All Transactions

Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.