CMS advises Baillie Gifford on further investment in FlixMobility

Berlin - FlixMobility has successfully closed its Series G financing round. The structured financing round includes a mix of equity capital and debt instruments and amounts to an aggregate volume of more than USD 650 million. Upon closing of the round, the company aims to expand and grow in new and existing markets, particularly in the train business in Germany, Sweden and beyond. CMS advised Baillie Gifford on this investment, which invested alongside Canyon Partners, General Atlantic, Permira, TCV, HV Capital, Blackrock, Silver Lake participated in the round.

A CMS team led by Ralf Kurney and Steffen König again provided legal advice to Baillie Gifford with respect to its investment. The CMS team already assisted on the firm’s earlier investment in FlixMobility in 2019. Baillie Gifford is a long-standing client for its investments in Germany. These include investment in the digital freight forwarder sennder, the investment in the air taxi pioneer Lilium, the online trading platform for used vehicles Auto1 and in the cooking box provider Hello Fresh.

Baillie Gifford is a global investment manager with offices around the world, based out of Edinburgh.

Established in 2013, FlixMobility operates the most extensive long-distance coach network in Europe under the FlixBus brand. FlixMobility has also been offering rail services under the FlixTrain brand since 2018.

CMS Germany 

Ralf Kurney, Partner, Berlin
Steffen König, Of Counsel, Berlin 

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