- EQT Future and Kühne Holding to acquire a 35% stake in Flix
- Investment is part of a long-term strategic partnership built on a common vision for Flix's next phase of profitable growth across new and existing markets and offerings
- EQT is investing through EQT Future, its impact-driven, longer-hold fund, and will support Flix's ambition to expand the offering of sustainable and affordable travel options
Flix SE ("Flix" or the "Company"), the global travel tech company, and EQT, the global investment organisation, together with Kühne Holding, representing one of the world's leading logistics entrepreneurs and investors, today announce that a definitive agreement has been reached for EQT Future and Kühne Holding to acquire a 35% minority stake in Flix.
In addition to a primary investment in Flix, EQT Future and Kühne Holding will acquire shares from existing shareholders to build a long-term anchor shareholding in Flix. This investment will further strengthen Flix's balance sheet and help accelerate the Company's successful trajectory of profitable growth. The closing of the transaction is subject to certain customary conditions and regulatory approvals.
"We are delighted to welcome EQT Future and Kühne Holding as strong and purpose-driven investors with proven track records of building upon sustainable long-term investment strategies. Their capital and know-how will be a strong asset to our company's overall strategic vision. We couldn't ask for better partners to embark on the next chapter of Flix's journey", commented André Schwämmlein, CEO and Co-Founder of Flix.
"EQT Future backs high-quality, growing companies that have the potential to be sustainability leaders in their fields. Flix is the perfect example of this. We are deeply impressed by what André and his team have built, having developed Flix from a startup into the clear global market leader, operating in 43 countries," said
Driving profitable growth
The investment comes at a time of continued significant growth momentum and strategic expansion at Flix. The company reported 30 percent total revenue growth in 2023 and thus, for the first time, reached
Expanding the global footprint
To further strengthen its geographical presence, Flix has recently entered two of the most important bus markets worldwide:
Advancing the
Flix has been operating in
With growth comes responsibility
Flix is on a continuous mission to deliver a great travel experience while constantly reviewing the impact of its business. To underpin the Company's commitment to a responsible business model, Flix recently published its second voluntary ESG report for 2023. With its vision to drive sustainable and affordable travel, Flix aligns strongly with EQT Future's mission to support market leading businesses which improve our planet through the products and services they deliver, while having the potential to shape their industries.
Contacts
EQT: Press Office, press@eqtpartners.com
Flix:
Kühne Holding: Dominique Nadelhofer, Dominique.nadelhofer@kuehne-holding.com
About EQT
EQT is a purpose-driven global investment organization with
More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram
About Flix
Flix intends to transform the public transport sector by offering sustainable and affordable long-distance bus and train travel solutions in more than 40 countries across four continents. With its asset-light business model and innovative technology platform, Flix, launched in 2013, swiftly established market-leading positions for long-distance bus travel in
Driven by increased awareness for sustainable travel, Flix aims to become carbon neutral in
While Flix manages the commercial side of the business such as network planning, pricing, operations control, marketing and sales, quality management and continuous product development with a data-driven approach, trusted Flix partners conduct the daily operations. The innovative combination of Flix's technology and sales platform with traditional passenger travel has turned a European start-up into a leading and globally expanding travel tech company.
For more information, please visit corporate.flixbus.com
About Kühne Holding
Kühne
https://news.cision.com/eqt/r/eqt-and-kuhne-holding-invest-in-flix--the-global-travel-company,c4011452
https://mb.cision.com/Main/87/4011452/2902682.pdf
https://news.cision.com/eqt/i/flixmobility-background,c3317689
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