Noerr has advised long term client foodpanda on the USD 100 million sale of Delivery Club, which Noerr describes as "the number one Internet food delivery company in Russia," to Mail.Ru Group. Dentons advised Mail.Ru Group on the deal, by which it will acquire 100% of Delivery Club in an all cash transaction. The deal is not subject to any third party approvals.
According to Noerr, "Delivery Club is the leading player in the growing Russian Internet food delivery market. It currently has over 4,500 connected restaurants with the number of daily orders reaching 20,000. In H1 2016 net revenues were RUB 296 million."
The Moscow-based Noerr team advising foodpanda was led by Partner Peter Schulze and included Partner Bjorn Paulsen, Associated Partners Hannes Lubitzsch, Stefan Weber, and Maxim Vladimirov, Senior Associates Anna Fufurina and Vyacheslav Khayryuzov, and Associate Artem Kara.
Dentons did not reply to our inquiry on the matter.