MUNICH, December 21, 2016 – The international law firm Milbank, Tweed, Hadley & McCloy LLP has advised General Atlantic on a new investment round of FlixBus. With Silver Lake, FlixBus has secured the strategic investment of the global leader in technology investing from the Silicon Valley. Existing investors General Atlantic, a leading global growth investor, Holtzbrinck Ventures and Daimler also participated in the investment round.

FlixBus is a European provider of convenient, affordable and safe long-distance bus travel. Today the company supplies the largest European long-distance network with 100,000 daily connections to 1,000 destinations in 20 countries across Europe. Since its inception in 2013, more than 60 million passengers used FlixBus for travelling.

The investment shall be used for an even more data-driven development of quality, network and service in order to optimize capacity utilization, to provide transparent real-time information and an even more stable WLAN.

A Milbank team led by Norbert Rieger comprehensively advised General Atlantic on corporate and tax law in relation to the financing round.

Advisor to General Atlantic: Milbank, Tweed, Hadley & McCloy LLP

Norbert Rieger, Sebastian Heim (joint lead, both Corporate/M&A, Munich), Matthias Schell (Tax, Munich), Tian-Gu Shum (Corporate/M&A, Munich)