Actera Group sells Kamil Koç to VC-backed FlixBus

The sale ends a six-year holding period for Actera, which acquired Kamil Koç in a €25.5m buyout transaction.

Kamil Koç will be gradually integrated into FlixBus's network, which already offers more than 350,000 daily connections to around 2,000 destinations in 28 European countries and the US. 

FlixMobility, the parent company that holds both the FlixBus and FlixTrain brands, is owned by a consortium of VC firms; General Atlantic is thought to be holding the largest stake at around 35%. Holtzbrinck Ventures, Silver Lake, UnternehmerTUM and Daimler Mobility also invested in the company's previous funding rounds. 

Permira and TCV led a €500m series-F round for FlixMobility in July 2019, which valued the company at more than €2bn. Not long after,  BlackRock and other investors joined the consortium in a substantial series-F extension, investing at the same valuation. 

Company
Established in 1926 and headquartered in Istanbul, Kamil Koç is a bus operator that serves 61 cities across Turkey, transporting more than 20 million passengers per year. The company operates 1,000 buses and employs 4,000 staff.

People
FlixBus – Jochen Engert (founder, CEO).
Actera Group – Murat Çavuşoğlu (managing partner).

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• Topics
• Exits
• Portfolio management
• CEE
• Consumer
• Actera
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• Trade sale
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• Buy-and-build