Gorillas’ Acquisition of Foodpanda Germany From Delivery Hero

YPOG advised Delivery Hero on the deal.

Delivery Hero announced the sale of its German logistic business foodpanda (Delivery Hero Germany Logistics GmbH) including riders and office employees to Gorillas.

The sale followed Delivery Hero’s decision to scale down its German operations to a Berlin-based hub focused on developing innovative logistics and tech solutions for the delivery industry, and to shift its resources to highly attractive growth opportunities in other markets and new verticals, especially in quick commerce.

Founded in 2020, Berlin-based Gorillas Technologies GmbH is a delivery service for groceries and other supermarket products, operating in major cities. This includes an online ordering platform, small delivery warehouses in central locations and employed bicycle couriers. As well as all major cities in Germany, Gorillas also offers its 10-minute delivery service in Belgium, Denmark, France, Italy, the Netherlands, Spain and the United Kingdom.

Delivery Hero is the world’s leading local delivery platform, operating in about 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. Starting with a food delivery service in 2011, Delivery Hero is pioneering the Quick Commerce segment – the next generation of e-commerce – and aims to deliver groceries and housewares to customers in under one hour and often in 10 to 15 minutes. Delivery Hero is based in Berlin and became part of the German leading index DAX (Deutscher Aktienindex) in 2020.

The YPOG team included Dr. Martin Schaper (Picture – Lead/Corporate, Transactions), Partner; Pia Meven (Corporate, Transactions), Associate; Dr. Malte Bergmann (Tax), Partner.

Involved fees earner: Malte Bergmann – YPOG; Pia Meven – YPOG; Martin Schaper – YPOG;

Law Firms: YPOG;

Clients: Delivery Hero Holding GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler