Deals

EQT, German Tycoon Buy €1 Billion Stake in Greyhound Owner Flix

Transaction values German company at more than €3 billion
Logistics billionaire Klaus-Michael Kühne joins investment

A FlixBus passenger bus at Munich central bus station.
Photographer: Michaela Handrek-Rehle/Bloomberg

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By Eyk Henning and Swetha Gopinath

July 4, 2024 at 2:21 PM UTC

This article is for subscribers only.

Buyout firm EQT AB is teaming up with Germany’s richest man to acquire a 35% stake in German bus and train operator Flix SE.

EQT and Kühne Holding AG, the investment vehicle of logistics tycoon Klaus-Michael Kühne, will become long-term anchor shareholders in Flix, according to a statement Thursday confirming an earlier Bloomberg News report. They are investing around €1 billion ($1.2 billion) in Flix in a deal valuing the business at more than €3 billion, people with knowledge of the matter said.