Berlin – A YPOG team led by Martin Schaper and Tim Schlösser advised Delivery Hero on the acquisition of a majority stake in Glovo, a global leading delivery platform. Delivery Hero successfully completed all closing actions for the transaction and will become majority shareholder, holding approximately 94% of Glovo shares on an undiluted basis. The Delivery Hero share capital increase and the subsequent admission for trading are pending.
Glovo's strong presence in Southern Europe and EEMEA complements Delivery Hero's global operations, bringing the total number of countries to 74 and serving up to 2.2 billion people across four continents. Building on the transaction, this strategic partnership will enable both companies to benefit from each other's technological and operational expertise. Glovo will continue to operate with its existing brand and platform led by the current management team of founders Oscar Pierre and Sacha Michaud.
Advisors Delivery Hero:
Dr. Martin Schaper (Co-Lead, Corporate/Transactions), Partner
Dr. Tim Schlösser (Co-Lead, Corporate/Transactions), Partner
Dr. Karen Frehmel-Kück (Corporate/Transactions), Senior Associate
Pia Meven (Corporate/Transactions), Associate
About Delivery Hero
Delivery Hero is the world’s leading local delivery platform, operating its service in over 70 countries across Asia, Europe, Latin America, the Middle East and Africa. The Company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 20 to 30 minutes. Headquartered in Berlin, Germany, Delivery Hero has been listed on the Frankfurt Stock Exchange since 2017 and is now part of the MDAX stock market index. For more information, please visit www.deliveryhero.com.
About Glovo
Glovo is a pioneering multi-category app connecting users with businesses, and couriers, offering on-demand services from local restaurants, grocers and supermarkets, and high street retail stores. Glovo’s vision is to give everyone easy access to everything within their city, so that our users can enjoy what they want, when they want, where they want. Founded in 2014 in Barcelona, it operates across 25 countries in Europe, Central Asia and Africa. For more information about Glovo, please visit https://about.glovoapp.com/en/
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About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
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