- Resource Partners will buy a 40% stake in Flex To Go
- Resource Partners is an independent private equity investor
- The firm is based in Luxembourg
Resource Partners will acquire a 40 percent stake in Flex To Go, a car rental operator, as it expands its operations in Germany and enters new European markets.
Warsaw-based Flex To Go provides a fleet of over 1,500 cars at Poland’s nine airports, as well as two in Germany. It offers a full range of vehicles, from small city cars, through SUVs and luxury autos, to delivery vans.
The company has plans for nine new locations soon, including the airports in Stuttgart, Memmingen, Munich and Frankfurt this year.
Flex To Go is the first investment in the transportation sector for Resource Partners.
“We see strong demand for outstanding car rental services from occasional travelers, and thanks to its innovative approach, Flex To Go is the perfect fit for this niche,” said Piotr Noceń, co-founder and managing partner at Resource Partners.
Resource Partners is an independent private equity investor based in Luxembourg.
No financial details of the transaction were disclosed.