Skip to content

Cologne, September 17, 2024  – YPOG advised REWE Group on the $150 million financing round of the Berlin-based express delivery service Flink. The total amount comprises $115 million in equity and $35 million in debt. In addition to existing investors such as Bond, Northzone, and Mubadala, various new investors also participated in the round.

At the same time, Flink has entered into a preferred partnership with Just Eat Takeaway in addition to the partnership it already had with REWE Group since 2021. These cooperations enable Flink to further integrate its services in Europe and thus also expand its market presence in Europe.

As part of its expansion strategy, Flink plans to open 30 new locations over the next 12 months to expand its range of fast delivery services and reach more customers.

Johannes Janning's team has advised REWE Group on several occasions in the past, including the €58 million financing round of Infinite Roots, and recently the $61 million financing round of Formo.

Team

Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Matthias Kresser (Venture Debt), Partner, Berlin/Hamburg
Laura Franke (Transactions), Senior Project Lawyer, Cologne
Nina Ahlert (Transactions), Senior Associate, Cologne
Dr. Matthias Schatz (Corporate), Partner, Cologne
Dr. Malte Bergmann (Tax), Partner, Hamburg
Dr. Benedikt Flöter (IP/IT/Data Protection), Associated Partner, Berlin

The REWE Group in-house team was led by Dr. Ulrich Fleischer (Senior Legal Counsel - M&A and Financing).

About REWE Group

The cooperative REWE Group is one of the leading retail and tourism groups in Germany and Europe. In 2023, the company achieved a total external turnover of over €92 billion. Founded in 1927, REWE Group has around 390,000 employees and is present in 21 European countries.

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. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog