Press Release Munich, June 18, 2015 GLNS Advises Delivery Hero In
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Press Release Munich, June 18, 2015 GLNS advises Delivery Hero in connection with USD 589 million acquisition of Turkish market-leaderYemeksepeti * * * * Delivery Hero, the Berlin-based global leader of online and mobile food ordering – known in Germany under the brands Lieferheld and pizza.de – acquired the Turkish food delivery giant Yemeksepeti in a transaction valued USD 589 million. This is the largest acquisition ever made in the online food ordering sector. The acquisition of Yemeksepeti is funded through cash and shares with the former shareholders of Yemeksepeti of the company, including General Atlantic, becoming shareholders in Delivery Hero. Yemeksepeti was launched 15 years ago and is today an extremely popular brand in Turkey, processing over 3 million orders each month across its markets. In addition, Yemeksepeti is active in Greece and the Middle East where its platforms provide food ordering services in the United Arab Emirates, Saudi Arabia, Lebanon, Oman, Qatar and Jordan. The Middle Eastern business of Yemeksepeti supplements the market leading position of Delivery Hero which acquired Talabat.com in March 2015 also with the help of GLNS. GLNS acted as the lead-counsel to Delivery Hero on the transaction. The GLNS team included Georg Lindner (Corporate/M&A/Tax), Reinhard Ege (Corporate/M&A/Tax), Matthias Mittermeier (Corporate/M&A), Andreas Scheidle (Tax) and Ferdinand von Spreti (Corporate/M&A). In addition, Hergüner Bilgen Özeke with Ümit Hergüner, Deniz Tuncel, Süleyman Cengiz, Zeynep Tor, and Kerem Bener advised as local counsel on Turkish law. Markus Bauman, Ilan Kotkis und Elisabeth Baltay (King & Spalding, London) advised on US-Capital Markets and local law aspects. Gael Toutain, Olivier Remacle and Olivier De La Gueronniere (all Atoz, Luxemburg) advised on Luxemburg law. Sascha Dethof (Field Fisher) was responsible for antitrust law. On Delivery Hero’s side General Counsel Oliver Hüfner led the transaction. Rocket Internet was advised by a Berlin based team of Noerr (Sascha Leske, Hilmar Hamm, Michael Sturm). Insight Ventures was represented by Willkie Farr Gallagher (Stefan Jörgens, Jan Claudio Muñoz). The Sellers were advised by teams of Paul, Weiss, Rifkind, Wharton & Garrison LLP, Dentons - Balcıoğlu Selçuk Akman Keki Attorney Partnership, Gleiss Lutz and Loyens & Loeff. * * * * GLNS is an independent, internationally oriented business law firm focusing on corporate, tax & litigation. * * * * Press Contact: GLNS Dr. Tobias Nikoleyczik Karlstraße 10 T: +49 89 89 05 89 20 D-80333 München E: [email protected] www.glns.de .