Hogan Lovells advises FlixMobility on 650 Million Dollar financing round
Led by Munich-based partner Peter Huber, international law firm Hogan Lovells has advised FlixMobility GmbH on the financing of its further growth strategy.
FlixMobility has successfully closed its financing round G and gained US investor Canyon Partners. The structured funding round, based on a mix of equity and debt, totals more than $650 million. With Canyon Partners, FlixMobility has gained another strong partner for its future global expansion in existing and new markets.
The company's new valuation of more than $3 billion is significantly higher than the valuation of the last financing round in 2019, underlining the strong support by its investors, which include General Atlantic, Permira, TCV, HV Capital, BlackRock, Baillie Gifford and Silver Lake, and founders for FlixMobility.
This investment will support FlixMobility's ambition to offer the largest network in the US, the UK and Portugal, and to further expand its leading position in Turkey, France and Eastern Europe. Additionally, the company is already planning to expand into new markets following a pandemic-related break.
Hogan Lovells team for FlixMobility GmbH
Peter Huber (Partner), Andreas Thun (Counsel), Kilian Pfahl, Julia Betz, Alessa Mackensen (Associates) (all Mergers & Acquisitions, Munich);
Guido Brockhausen (Counsel, Mergers & Acquisitions, Dusseldorf);
Prof. Dr. Michael Schlitt (Partner), Christian Schröder (Associate) (both Capital Markets, Frankfurt).
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