Berlin – Scottish investment manager Baillie Gifford has joined the latest financing round of Munich-based mobility platform FlixMobility.
A CMS Berlin team led by Ralf Kurney and Steffen König advised Baillie Gifford on all legal aspects of taking a stake in the European market leader for long-distance coach travel. CMS has been advising Baillie Gifford for several years on technology investments in Germany, including in Auto1 and Hello Fresh.
Baillie Gifford is an investment manager wholly owned by its 44 partners. The firm was established in Edinburgh in 1908, where it still has its head office. Baillie Gifford currently has assets under management of around EUR 220 billion. The investment in the well-known Munich “unicorn” was made by The Schiehallion Fund Ltd. (Guernsey) as part of the Series F financing round. This technology fund was set up by Baillie Gifford in early 2019. The deal is regarded as the largest financing round for a German start-up ever carried out.
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
Steffen König, Counsel, both Lead
Dr Igor Stenzel, Partner
Patrick M. Lühr, Counsel
Dr Friedrich von Spee, Senior Associate
Vera Wahl, Associate, all Corporate/M&A
Prof. Marion Bernhardt, Partner
Dr Henrike Seifert, Senior Associate, both Labor, Employment & Pensions
Dr Tom Christopher Pröstler, Counsel, Dispute Resolution
Dr Julius Städele, Senior Associate, Public Commercial Law
Alexander Borchers, Senior Legal Consultant, Smart Operations, Commercial
Press Contact
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