Glovo’s €170 Million Acquisition of Delivery Hero’s Business in Balkans

Cuatrecasas advised Delivery Hero on the deal.

Delivery Hero completed the sale of its business in Bosnia and Herzegovina, Bulgaria, Montenegro, Romania and Serbia, as well as some assets in Croatia, to Glovo for €170 million. With this transaction, Delivery Hero continues optimizing its operations and investments in key strategic markets

Glovo is a Spanish quick-commerce start-up founded in Barcelona in 2015. It is an on-demand courier service that purchases, picks up, and delivers products ordered through its mobile app.

Delivery Hero SE is a European multinational online food-delivery service based in Berlin, Germany. The company operates in 40+ countries internationally in Europe, Asia, Latin America and the Middle East and partners with 500,000+ restaurants.

The Cuatrecasas legal team advising Delivery Hero was led by Diana Rivera (Picture) and Kai Christian Fischer, with the participation of Paula Martínez, Miguel Ángel Castaño and Julio Otero.

Involved fees earner: Miguel Ángel Castaño Martín – Cuatrecasas; Kai Christian Fischer – Cuatrecasas; Paula Martínez Moreno – Cuatrecasas; Julio Otero Vázquez – Cuatrecasas; Diana Rivera – Cuatrecasas;

Law Firms: Cuatrecasas;

Clients: Delivery Hero Holding GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler