Wolf Theiss and Spain's Uria Menendez have advised Spain's Glovo on its EUR 170 million acquisition of Delivery Hero's food delivery service businesses in Bulgaria, Romania, Serbia, Bosnia & Herzegovina, Montenegro, and Croatia. Cuatrecasas advised Delivery Hero.
Glоvо, which wаѕ fоundеd іn 2015 іn Ваrсеlоnа, is primarily еngаgеd іn thе ѕuррlу оf rеаdу-mаdе fооd. The brands acquired by the company include Fооdраndа іn Вulgаrіа аnd Rоmаnіа, Dоnеѕі іn Ѕеrbіа, Воѕnіа аnd Неrzеgоvіnа, аnd Моntеnеgrо, аnd Раuzа іn Сrоаtіа.
The acquisition remains contingent on rеgulаtоrу аррrоvаl.
Wolf Theiss's team was led by Romania Partner Ileana Glodeanu and, in Romania, included Partner Anca Jurcovan, Counsel Flaviu Nanu, Senior Associates Luciana Tache, George Ghitu, Andreea Stan, and Sorin Dumitru, and Associates Cornelia Postelnicu, Iulia Cumparatu, Nina Lazar, Costin Salaru, and Ionescu Maria.
In Serbia and Montenegro, the team was coordinated by Partner Natasa Lalovic Maric and included Counsels Vidak Kovacevic and Maja Stankovic, Senior Associates Aleksandar Ristic, Marijana Zejakovic, Marko Tesanovic, and Milos Andjelkovic, and Associate Aleksandra Andjelkovic.
In Croatia, the team was coordinated by Partner Luka Tadic-Colic and included Consultant Ira Peric Ostojic.
In Bulgaria, the team was coordinated by Counsel Katerina Novakova and included Associates Zulieta Markova, Nikoleta Ratcheva, Yanitsa Radeva, Bisera Petsovska, and Kristian Yabalkarov.
In Bosnia and Herzegovina, the team included Partner Naida Custovic and Associates Lamis Kulenovic and Alija Genjac from the Law Office Naida Custovic in cooperation with Wolf Theiss, and Wolf Theiss Associates Vedran Hadzimustafic and Ajla Delic.
The Cuatrecasas team was led by Partners Diana Rivera and Kai Christian Fischer and included Lawyers Paula Martinez Moreno, Miguel Angel Castano Martin, and Julio Otero Vazquez.
Editor's note: After this article was published, Gugushev & Partners Law Office informed CEE Legal Matters it had acted on behalf of the seller in Bulgaria. The firm's team was led by Partner Victor Gugushev and included Partner Dimitrinka Metodieva and Associate Kiril Gyorev.
In December 2021 Wolf Theiss announced that it had successfully assisted Glovo in the transaction clearance process before the Competition Council in Romania. The Wolf Theiss team was led by Partner Anca Jurcovan and included Associate Maria Ionescu.