24
Thu, Aug
45 New Articles

Dentons Advises Shareholders on Delivery Hero IPO

Dentons Advises Shareholders on Delivery Hero IPO

Turkey
Typography

Balcioglu Selcuk Akman Keki Attorney Partnership and Dentons have advised selling shareholders Ru-Net and Target Global and an unnamed group of non-selling shareholders on Delivery Hero AG’s USD 1.1 billion initial public offering on the Frankfurt Stock Exchange. Lead Arrangers Citi, Goldman Sachs, and Morgan Stanley were represented by Freshfields Bruckhaus Deringer. Sullivan & Cromwell, King & Spalding, and Germany's GLNS law firm represented Delivery Hero. Selling shareholders Rocket Internet and Luxor Capital were represented by Noerr and Latham & Watkins, respectively.

The offering is reported to be Germany’s biggest technology listing in the last three years. 

Delivery Hero is a European food delivery company that is active in 42 markets and partners with about 150,000 restaurants. It operates a variety of brands including Yemeksepeti, Lieferheld, Foodora, and Foodpanda, through which it either brokers deliveries from restaurants or delivers food to customers’ homes itself by bicycle. 

The BASEAK team advising the unnamed group of shareholders on Turkish matters was led by Partners Galip Selcuk and Mufit Arapoglu and Associate Yasemin Hotan Tanyol, with Dentons Partners Christoph Papenheim and Robert Michels provided corporate and capital markets advice from Frankfurt. In addition, Dentons Partners Christopher Rose and Thomas Schubert from the firm’s Berlin office advised Ru-Net and Target Global as selling shareholders. 

Image Source: deliveryhero.com

Turkey Knowledge Partner

Founded in 1990, TURUNÇ is a leading, full-service Turkish law firm providing cutting-edge legal advice and representation to a global clientele. We provide the highest quality of legal service in each of our practice areas and we take pride in the work we do. Since our founding, we have always maintained a friendly, open and inclusive firm culture in which individuality and independent thinking are highly prized. Our lawyers work in collaborative, collegial teams across our practice areas.

All News about, and Legal Analysis by, TURUNÇ can be found here.

Firm's website: www.turunc.av.tr

 

Our Latest Issue