The international law firm Milbank LLP advised the global growth capital investor General Atlantic on a new financing round for FlixBus. Milbank had also advised General Atlantic on its entry into FlixBus and previous financing rounds.
General Atlantic is a leading global investor providing capital and strategic support to companies with high growth potential. General Atlantic combines a collaborative global approach with industry-specific expertise, a long-term investment horizon and a deep understanding of growth drivers.
FlixBus is a European mobility provider of low-cost long-distance bus and train services with approximately 1,000 employees. The company has the largest European long-distance bus network and offers 350,000 daily connections to over 2,000 destinations in 29 European countries under the FlixBus and FlixTrain brands. Since its foundation in 2013, more than 100 million passengers have travelled with FlixBus. With the new financing, FlixBus intends to open branches in Latin America and Asia and establish a carpooling service.
The Milbank team led by partner Sebastian Heim advised General Atlantic comprehensively on corporate and tax law aspects of the transaction.
Advisor to General Atlantic: Milbank LLP
Sebastian Heim (lead, Corporate/M&A, Munich), Matthias Schell (Tax, Munich), Sebastian Reiner-Pechtl (Corporate, Munich), Fritz Schuchmann (Corporate/M&A, Munich).