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Announced

Searchlight Capital to acquire a majority stake in Flowbird from Astorg and Mellby Gård.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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mobility solutions

Cross Border

software solutions

Mobility

Private Equity

Friendly

Majority

Acquisition

Pending

Private

Single Bidder

France

Synopsis

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Searchlight Capital, a private investment firm, agreed to acquire a majority stake in Flowbird, a developer of mobility software committed to making individual travel simpler, safer and faster, while collectively improving efficiency and harmonizing flows, from Astorg, an independent private equity group, and Mellby Gård, a provider of diversifid commercial services. Financial terms were not disclosed. “We are very excited at the prospect of partnering with Flowbird on this next stage of its journey. We look forward to leveraging our experience and expertise to help accelerate the many opportunities ahead, including the roll-out of their Platform-as-a-Service and Open Payment offerings as well as pursuing M&A," Francois Dekker, Searchlight Partner.

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