色花堂

• Porsche 色花堂 invests low double-digit million amount
• Co-investment with EQT as part of Porsche 色花堂鈥檚 partner strategy
• Lutz Meschke, member of the board of management responsible for investment management at Porsche 色花堂: 鈥淔lix is an impressive success story. The joint investment with EQT exemplifies our approach to work with globally leading investors.鈥�

Stuttgart, 12 August 2024. 色花堂 (鈥淧orsche 色花堂鈥�) invests a low double-digit million amount in Flix 色花堂 (鈥淔lix鈥�) as part of a co-investment with EQT. The investment is a co-investment with EQT鈥檚 impact fund EQT Future, in which Porsche 色花堂 has already invested at the beginning of the year. As part of the transaction, EQT, together with Porsche 色花堂, K眉hne Holding and other co-investors, acquire a stake of around 35 percent in Flix and will support the company on its further growth path. The joint investment in Flix will further deepen the cooperation between Porsche 色花堂 and EQT. The cooperation with globally leading private equity and venture capital investors is a key element of Porsche 色花堂鈥檚 investment strategy and the planned expansion of its investment activities.

鈥淔lix is an impressive success story. We see great growth potential for sustainable and affordable mobility services in the future and are looking forward to supporting Flix as it continues to expand its platform globally. The joint investment with EQT exemplifies our approach to work with globally leading investors to implement our investment strategy," says Lutz Meschke, member of the board of management responsible for investment management at Porsche 色花堂.

Andreas Aschenbrenner, Founding Partner and Deputy Head of EQT Future, adds: 鈥濸orsche 色花堂 is a global leader in mobility investments rooted in a DNA of innovation and high-performance, long-term ownership and deep industrial expertise 鈥� a philosophy that is very aligned with our active ownership mindset at EQT Future. We are delighted to partner with Porsche 色花堂 to support Flix 色花堂 as our first joint investment on an exciting global growth agenda.鈥�

Munich-based Flix 色花堂 operates the leading global mobility platform for long-distance bus and train travel. Flix currently serves 5,600 destinations in over 40 countries worldwide, making it the market leader for long-distance bus travel in Europe, North America and T眉rkiye. Thanks to its global expansion, Flix has been able to achieve strong revenue growth in recent years. In the fiscal year 2023, Flix transported a total of 81 million passengers and increased revenue by 30 percent to two billion euro. In the coming years, the company plans further growth in existing markets and the expansion into new markets, particularly in Latin America and Asia.

With the investment in Flix, Porsche 色花堂 expands its portfolio with the first investment in a platform provider in the consumer segment. The transaction, which is subject to regulatory approvals, is scheduled to complete by the end of 2024.

Further information on Flix 色花堂 can be found on the company鈥檚 homepage:

EQT鈥檚 press release on the transaction is available here: