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Managing the process for the acquisition and refurbishment for up to 135 passenger coaches by a 3rd party investor from FlixTrain

Client's profile
Flix is a global mobility provider which, since 2013, has been changing the way millions of people worldwide are traveling, under the FlixBus brand, and more recently also with FlixTrain. As a unique combination of a tech start-up, an e-commerce company, and a classic transport operator, with FlixBus we have become the market leader in many different regions and within a very short time, we have created Europe’s largest long-distance bus network. With FlixTrain, since 2018 we have also been offering a constantly growing range of train connections and intermodal travel options.

APEX RAIL was mandated by FlixTrain to elaborate, propose and implement a suitable financing structure for setting-up a LeaseCo for up to 135 used passenger railcars which had been purchased by FlixTrain earlier and which were to be refurbished. For this purpose APEX RAIL would manage a competitive process of finding a suitable investor for the LeaseCo and supporting FlixTrain according to the scope of services below until the successful implementation of the project.

Preparation of a financing structure, information memorandum, term sheet, solicitation and evaluation of indicative offers
Obtaining and evaluation of binding offers
Implementation of financing structure with the preferred bidder

Ultimately, with Railpool being the winner of the competition, Apex Rail was able to find the right investor and conditions for the LeaseCo for FlixTrain. Coaches that have meanwhile been successfully introduced into the services of the client’s German train network.

Chris Forster

Managing Director in Apex Rail