Taylor Wessing advised Flink. Orrick advised Cajoo, its founders as well as XAnge, Frst and Headline, historical investors. Latham & Watkins advised Carrefour.
Flink SE takes over the French competitor Cajoo and with it the number one position in the French market for on-demand delivery services for groceries.
The French supermarket giant Carrefour has played a major role in this development, joining Flink as a new shareholder and investor.The parties involved have agreed not to disclose the investments of Carrefour and the volume of the takeover of Cajoo by Flink.
Cajoo will no longer operate under its own brand. Flink is thus also taking over the Cajoo infrastructure, which has 30 hubs in nine cities including Paris. In addition, 400,000 Cajoo customers will be transferred to the Flink app by the end of the year.
The exclusive partnership with the supermarket giant Carrefour, which aims to offer a comprehensive range of goods at competitive prices, should ensure that they continue to use the service. The Berlin-based company already has similar partnerships for goods purchasing and logistics planning with REWE in Germany.
Flink is currently active in 90 cities in Germany, France, the Netherlands and Austria. Supermarket chain Carrefour operates 13,000 shops in 40 countries and generated gross sales of €81.2 billion in 2021.
On Flink’s side, the transaction was advised by the in-house team led by Dr. Norman Koschmieder.
The Taylor Wessing included Dr. Norman Röchert (Partner, Berlin), Dr. Jens Wolf (Partner, Berlin/Hamburg), Moritz Meyer Bruhns (Associate, Berlin), Dr. Christian Ahrendt (Senior Associate, Berlin), Philipp Hoegl (Senior Associate, Hamburg) Felix Paul (Professional Support Lawyer, Berlin), all M&A/Venture Capital, Stephan Manuel Nagel (Partner), Louisa Nowalder (Associate) both Düsseldorf, both Competition, EU & Trade; Nicolas de Witt (Partner), Grâce M’Vunda (Associate) both M&A/Venture Capital, Christophe Flaicher (Partner), Gwendal Chatain (Counsel) both Tax, Markus Asshoff (Partner), Mounira Freih-Bengabou (Counsel) both Labor Law, all Paris.
The Orrick team included Benjamin Cichostepski (Picture), partner and Olivier Jouffroy, partner, accompanied by Florent Lewkowicz and Coline Berthe de Pommery, Christoph Rödter, partner, accompanied by Britta Auhagen, on the corporate aspects of German law, Anne-Sophie Kerfant, partner, on aspects of tax law.
Involved fees earner: Britta Auhagen – Orrick Herrington & Sutcliffe LLP; Benjamin Cichostepski – Orrick Herrington & Sutcliffe LLP; Coline Berthe De Pommery – Orrick Herrington & Sutcliffe LLP; Olivier Jouffroy – Orrick Herrington & Sutcliffe LLP; Anne-Sophie Kerfant – Orrick Herrington & Sutcliffe LLP; Florent Lewkowicz – Orrick Herrington & Sutcliffe LLP; Christoph Rödter – Orrick Herrington & Sutcliffe LLP; Christian Ahrendt – Taylor Wessing; Markus Asshoff – Taylor Wessing; Gwendal Chatain – Taylor Wessing; Nicolas de Witt – Taylor Wessing; Christophe Flaicher – Taylor Wessing; Mounira Freih-Bengabou – Taylor Wessing; Philipp Hoegl – Taylor Wessing; Grâce M’Vunda – Taylor Wessing; Moritz Meyer-Bruhns – Taylor Wessing; Stephan Manuel Nagel – Taylor Wessing; Louisa Nowalder – Taylor Wessing; Felix Paul – Taylor Wessing; Norman Röchert – Taylor Wessing; Jens Wolf – Taylor Wessing;