EQT and Kühne Holding Invest in Flix

Travel technology company Flix SE announced it has entered into a definitive agreement for a significant minority investment from private equity firm EQT and logistics group Kühne Holding. The firms will collectively acquire a 35% stake in Flix, strengthening the company's balance sheet and supporting its growth strategy.

The investment is part of a long-term strategic partnership built on a shared vision for the company's next phase of profitable growth. EQT is investing through its EQT Future fund, which focuses on long-term, sustainability-oriented investments, while Kühne Holding is a global logistics company and investor.

Flix CEO André Schwämmlein expressed satisfaction with the new partners, highlighting their commitment to long-term strategies and shared expertise. EQT's Andreas Aschenbrenner noted Flix as an example of a company with the potential to be a leader in sustainability within its sector.

Kühne Holding CEO Dominik de Daniel sees strong potential in Flix for developing the next generation of collective passenger transport. The company intends to actively support Flix during its expansion phase. Flix reported a 30% revenue growth in 2023, reaching €2 billion, with an adjusted EBITDA of €104 million. The company has recently expanded its operations into Chile and India, bringing its global presence to 43 countries.