EQT Future and Kühne Holding have announced a definitive agreement to acquire a 35% minority stake in the travel tech firm Flix SE. This transaction, subject to regulatory approval, aims to support Flix’s long-term growth, focusing on sustainable and affordable travel solutions. Flix, known for its FlixBus and FlixTrain brands, operates in 43 countries, recording EUR 2 billion in revenues and an adjusted EBITDA of EUR 104 million in 2023. The investment will bolster Flix’s balance sheet and facilitate its strategic goals, including expansion into key markets like Chile and India and further scaling of FlixTrain in Europe. The partnership aligns well with EQT Future’s mission of backing companies that can become sustainability leaders and Kühne Holding’s expertise in the transport and logistics sector.

Private Equity, Transportation and Logistics, Travel Tech,Global, Europe, North America

https://news.cision.com/eqt/r/eqt-and-kuhne-holding-invest-in-flix–the-global-travel-company,c4011452