Silver Lake Makes a Strategic Investment in FlixBus NOAH Advisors acted as financial advisor to Silver Lake Transaction Summary December 2016 On 16 December 2016 Silver Lake announced that it has made a strategic investment in FlixBus, one of Investment in Europe’s leading innovators in travel technology Existing investors General Atlantic, Holtzbrinck Ventures and Daimler also participated in the new round The company has completed a number of acquisitions in recent years, and is well positioned to continue expansion through M&A with the support of Silver Lake by Overview of FlixBus FlixBus is the intercity bus travel company connecting large and medium-sized cities through its European-wide service network Works with more than 250 independent bus partners to offer a comprehensive network in Germany, Financial Advisor to Silver Lake France, Italy, Austria, and the Netherlands, as well as cross-border services to countries including Scandinavia, Spain, and the UK Roughly 60m travelers since inception Currently connects nearly 1,000 destination cities in 20 countries – with around 100k trips daily, often ® departing every 30 minutes International team of nearly 1,000 employees throughout Munich, Berlin, Paris, Milan and Zagreb as well NOAH Deal Team as thousands of bus drivers based all over Europe Founded in 2011 and officially launched in 2013 by Jochen Engert, André Schwämmlein and Daniel Krauss Marco Rodzynek Jan Brandes NOAH Advisors’ Role Nikhil Parmar ® Aleksander Skwarczek NOAH Advisors acted as financial advisor to Silver Lake Guglielmo Tognon Jochen Engert (Founder & MD) recently presented the company on the main stage at NOAH Berlin 2016 Aicha Fakhir CEOs from over 70% of Europe’s largest internet exits have presented on the NOAH stage at some point 28