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

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.