Berlin \u2014 Deli\u00advery Hero has acqui\u00adred a majo\u00adrity stake in GlovoApp23, S.L., based in Barce\u00adlona, Spain. Deli\u00advery Hero has alre\u00adady been a share\u00adhol\u00adder of Glovo since 2018 and curr\u00adently holds appro\u00adxi\u00adm\u00adately 43.8% of the outstan\u00adding shares (on an undi\u00adluted basis). Under the share purchase agree\u00adment concluded between Deli\u00advery Hero SE and the selling share\u00adhol\u00adders, Deli\u00advery Hero acqui\u00adres a further approx. 39.4% of the outstan\u00adding shares in Glovo (on an undi\u00adluted basis) and thus a majo\u00adrity stake.<\/p>\n
Deli\u00advery Hero will acquire the shares in Glovo in exch\u00adange for the issu\u00adance of new Deli\u00advery Hero shares. Under the tran\u00adsac\u00adtion, Glovo is valued at appro\u00adxi\u00adm\u00adately EUR 2.3 billion on a fully diluted basis and after taking into account cash and finan\u00adcial liabi\u00adli\u00adties. The tran\u00adsac\u00adtion is expec\u00adted to close in the second quar\u00adter of 2022 and is subject to custo\u00admary condi\u00adti\u00adons and regu\u00adla\u00adtory appr\u00adovals as well as merger control clearance in multi\u00adple jurisdictions.<\/p>\n
Advi\u00adsor Deli\u00advery Hero: YPOG About Deli\u00advery Hero SE About Glovo About YPOG Berlin \u2014 Deli\u00advery Hero has acqui\u00adred a majo\u00adrity stake in GlovoApp23, S.L., based in Barce\u00adlona, Spain. Deli\u00advery Hero has alre\u00adady been a share\u00adhol\u00adder of Glovo since 2018 and curr\u00adently holds appro\u00adxi\u00adm\u00adately 43.8% of the outstan\u00adding shares (on an undi\u00adluted basis). Under the share purchase agree\u00adment concluded between Deli\u00advery Hero SE and the selling share\u00adhol\u00adders, Delivery [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":39239,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1367,1371,1372,1377],"tags":[],"class_list":["post-40181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-lawyers-tax-advisors-auditors-en","category-deals-en","category-consultant","category-corporate-finance-ma"],"yoast_head":"\n
\n<\/strong>
\nDr. Martin Scha\u00adper (Co-Lead, Corporate\/Transactions), Partner
\nDr. Tim Schl\u00f6s\u00adser (Co-Lead, Corporate\/Transactions), Partner
\nDr. Karen Freh\u00admel-K\u00fcck (Corporate\/Transactions), Senior Associate<\/p>\n
\n<\/strong>
\nDeli\u00advery Hero is a leading global local deli\u00advery plat\u00adform opera\u00adting in appro\u00adxi\u00adm\u00adately 50 count\u00adries within Asia, Europe, Latin America, the Middle East and North Africa. Laun\u00adched in 2011 with a grocery deli\u00advery service, the company is a pioneer in Quick Commerce \u2014 the next gene\u00adra\u00adtion of e\u2011commerce \u2014 and aims to deli\u00adver groce\u00adries and house\u00adhold goods to custo\u00admers in less than an hour, often in as little as 10 to 15 minu\u00adtes. Deli\u00advery Hero is head\u00adquar\u00adte\u00adred in Berlin and was included in the German bench\u00admark index DAX (Deut\u00adscher Akti\u00aden\u00adin\u00addex) in 2020.<\/p>\n
\n<\/strong>
\nFoun\u00added in Barce\u00adlona in 2015, the company opera\u00adtes in 25 count\u00adries within Europe, Central Asia as well as Africa and offers a cross-cate\u00adgory app that connects custo\u00admers with local restau\u00adrants, grocery stores, super\u00admar\u00adkets, phar\u00admacies and major retail\u00aders. The goal is to create easy and digi\u00adtal access for people to all services in cities and local regi\u00adons. This allows users to acquire what they need anytime, anywhere.<\/p>\n
\n<\/strong>
\nYPOG is a specia\u00adlist tax and commer\u00adcial law firm, opera\u00adting in the core areas of corpo\u00adrate, funds, liti\u00adga\u00adtion, tax, tran\u00adsac\u00adtions, IP\/IT and nota\u00adrial services. The YPOG team advi\u00adses a wide variety of clients. These include emer\u00adging tech\u00adno\u00adlogy compa\u00adnies and family-run medium-sized enter\u00adpri\u00adses as well as corpo\u00adra\u00adti\u00adons and private equity\/venture capi\u00adtal funds. YPOG is one of the leading addres\u00adses for venture capi\u00adtal, private equity and fund struc\u00adtu\u00adring in Germany. www.ypog.law<\/p>\n","protected":false},"excerpt":{"rendered":"