Hogan Lovells advised FlixMobility GmbH on the deal. CMS advised Baillie Gifford.
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 included Peter Huber (Picture – 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).
A CMS team led by Ralf Kurney and Steffen König again provided legal advice to Baillie Gifford with respect to its investment.
Involved fees earner: Steffen König – CMS Hasche Sigle; Ralf Kurney – CMS Hasche Sigle; Julia Betz – Hogan Lovells; Guido Brockhausen – Hogan Lovells; Peter Huber – Hogan Lovells; Alessa Mackensen – Hogan Lovells; Kilian Pfahl – Hogan Lovells; Michael Schlitt – Hogan Lovells; Christian Schröder – Hogan Lovells; Andreas Thun – Hogan Lovells;