Paul Hastings corporate partner Thomas Kruger—an avid bike rider who last month helped Tate’s Bake Shop find a private equity buyer—is advising another investor group on its purchase of a company that can help burn off those cookie calories.

Bikeshare Holdings LLC, an entity formed by New York-based real estate giant The Related Companies and upscale exercise unit Equinox Fitness, announced this week its purchase of Alta Bicycle Share, a Portland-based company behind ride-sharing programs in several cities, including New York.