Silver Lake Makes a Strategic Investment in FlixBus

NOAH Advisors acted as financial advisor to Silver Lake

NOAH Advisors Completed Transaction Flixbus

Deal Team

NOAH Advisors:
Marco Rodzynek, Jan Brandes, Nikhil Parmar, Aleksander Skwarczek, Guglielmo Tognon, Aicha Fakhir

Transaction Summary

  • On 16 December 2016 Silver Lake announced that it has made a strategic investment in FlixBus, one of Europe’s leading innovators in travel technology
  • Existing investors General Atlantic, Holtzbrinck Ventures and Daimler also participated in the new round
  • The company has completed a number of acquisitions in recent years, and is well positioned to continue expansion through M&A with the support of Silver Lake

Overview of FlixBus

  • FlixBus is the intercity bus travel company connecting large and medium-sized cities through its European-wide service network
    • Works with more than 250 independent bus partners to offer a comprehensive network in Germany, France, Italy, Austria, and the Netherlands, as well as cross-border services to countries including Scandinavia, Spain, and the UK
    • Roughly 60m travelers since inception
    • Currently connects nearly 1,000 destination cities in 20 countries – with around 100k trips daily, often departing every 30 minutes
  • International team of nearly 1,000 employees throughout Munich, Berlin, Paris, Milan and Zagreb as well as thousands of bus drivers based all over Europe
  • Founded in 2011 and officially launched in 2013 by Jochen Engert, André Schwämmlein and Daniel Krauss

NOAH Advisors’ Role

  • NOAH Advisors acted as financial advisor to Silver Lake
  • Jochen Engert (Founder & MD) recently presented the company on the main stage at NOAH Berlin 2016r
    • CEOs from over 70% of Europe’s largest internet exits have presented on the NOAH stage at some point