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

Cuatrecasas advised Delivery Hero on the deal, while Uría Menéndez and Wolf Theiss advised Glovo.

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.

The Uría Menéndez team included Barcelona office Corporate partner Eduardo Bagaría, Madrid office Antitrust partner Antonio Guerra, Barcelona office senior associate Anna Viñas, Barcelona office Corporate associates Adrià Doce Llisó and Gemma Rodergas, Madrid office Antitrust junior associate Álvaro Angulo and Barcelona office Corporate junior associate Marina Cantalapiedra.

The Wolf Theiss team was led by Partner Ileana Glodeanu, Natasa Lalovic Maric, Luka Tadic-Colic and Katerina Novakova.

Involved fees earner: Miguel Ángel Castaño Martín – Cuatrecasas; Kai Christian Fischer – Cuatrecasas; Paula Martínez Moreno – Cuatrecasas; Julio Otero Vázquez – Cuatrecasas; Diana Rivera – Cuatrecasas; Álvaro Angulo – Uria Menendez; Eduardo Bagaría – Uria Menendez; Marina Cantalapiedra Perdiguer – Uria Menendez; Adrià Doce Llisó – Uria Menendez; Antonio Guerra Fernández – Uria Menendez; Gemma Rodergas – Uria Menendez; Anna Viñas – Uria Menendez; Ileana Glodeanu – Wolf Theiss; Natasa Lalovic Maric – Wolf Theiss; Katerina Novakova – Wolf Theiss; Luka Tadic-Colic – Wolf Theiss;

Law Firms: Cuatrecasas; Uria Menendez; Wolf Theiss;

Clients: Delivery Hero Holding GmbH; Glovo;