Shopify’s Acquisition of Deliverr

Goodwin Procter advised Deliverr, Inc. on the deal.

Deliverr, Inc. announced its agreement to be acquired by Shopify Inc. (NYSE, TSX: SHOP). Under the terms of the agreement, Shopify will acquire all of Deliverr’s outstanding securities in a transaction valued at approximately $2.1 billion, consisting of approximately 80% in cash and 20% in Shopify Class A Subordinate Voting Shares.

Deliverr is an e-commerce fulfillment and technology company that provides fast and affordable fulfillment services to e-commerce merchants on marketplace platforms.

Shopify is a leading provider of essential internet infrastructure for commerce, offering trusted tools to start, grow, market, and manage a retail business of any size.

The acquisition is expected to provide simplicity and scale to millions of merchants, and to remove the complexity of fragmented supply chain management. With the addition of Deliverr’s network management software; team of software engineers, operations experts and customer champions with deep domain expertise; and asset-lite network of warehouse, carrier, and last mile partners, Shopify gains visibility and control of movements along the supply chain, empowering merchants to offer and achieve fast delivery promises across channels.

The Goodwin team included Nathan Hagler (Picture), Justin Smith, William Stanton, Daisy Beckner, and Brad McEwan (M&A); John Casnocha, Hayley Dardick, and Hilarie Sexton Bellis (Corporate); Monica Patel, Andre Amorim, and Chris Jones (ERISA & Executive Compensation); Kelsey Lemaster and Garrett Gaughan (Tax); James Riley, Kevin Liu, JB Schiller, and Jinny Kim (Intellectual Property); Arman Oruc and Brady Cummins (Antitrust); Jacqueline Klosek and Federica De Santis (Data, Privacy & Cybersecurity); and Cecelia Lockner (Insurance).

Involved fees earner: Andre Amorim – Goodwin Procter; Daisy Beckner – Goodwin Procter; Hilarie Bellis – Goodwin Procter; John Casnocha – Goodwin Procter; Brady Cummins – Goodwin Procter; Federica De Santis – Goodwin Procter; Garrett Gaughan – Goodwin Procter; Nathan Hagler – Goodwin Procter; Chris Jones – Goodwin Procter; Jinny Kim – Goodwin Procter; Jacqueline Klosek – Goodwin Procter; Kelsey Lemaster – Goodwin Procter; Kevin Liu – Goodwin Procter; Cecelia Lockner – Goodwin Procter; Brad McEwan – Goodwin Procter; Arman Oruc – Goodwin Procter; Monica Patel – Goodwin Procter; James Riley – Goodwin Procter; JB Schiller – Goodwin Procter; Justin Smith – Goodwin Procter; William Stanton – Goodwin Procter;

Law Firms: Goodwin Procter;

Clients: Deliverr, Inc.;

Martina Bellini

Author: Martina Bellini