Noerr advises foodpanda on takeover by Delivery Hero

Noerr has advised Emerging Markets Online Food Delivery Holding S.à r.l. (foodpanda) and shareholders comprehensively on the takeover by Delivery Hero. An international team led by Dr Sascha Leske acted for Noerr.

foodpanda operates in a total of 22 countries and in 17 of these as market leader. Together the two companies are active in 47 countries and deliver more than 20 million food orders monthly. The merger strengthens Delivery Hero’s global leading role in the market for online food delivery services and expands the portfolio by a further 20 markets in eastern Europe, the MENA region and Asia.

Noerr managed and coordinated the complex transaction which covered numerous jurisdictions. The team headed by Sascha Leske also conducted the negotiations for foodpanda and the shareholders. With a team headed by the Dresden partner Sebastian Voigt, Noerr also advised on the reorganisation of the foodpanda group in the run-up to the transaction. Noerr regularly advises foodpanda and has provided legal services for all financing rounds and acquisitions. For example, the company also relied on Noerr’s advice for the agreement of several reciprocal takeovers with Delivery Hero in 2014.

Advisors to Emerging Markets Online Food Delivery Holding S.à r.l. and shareholders: Noerr LLP

Dr Sascha Leske (lead, Private Equity & Venture Capital, Berlin/New York), Sebastian Voigt (Private Equity & Venture Capital, Dresden), Peter Stauber (Antitrust, Berlin)

Dr Romy Nicole Fleischer (Corporate/M&A, Dresden), Dr Philipp Heer (Corporate/M&A, New York), Julia Kominek (Private Equity & Venture Capital, Munich), Eva Loef (Corporate/M&A, Berlin/New York), Johanna Nielsen (Corporate/M&A, New York), Philipp Pönitz (Corporate/M&A, Dresden), Michael Sturm, Dr Laurenz Tholen (both Corporate/M&A, Berlin)

Advisors to Goldman Sachs: Fried Frank (Dr Juergen van Kann, Dr Peter Breschendorf)

Advisors Luxor Capital Group: Latham & Watkins (Gregor Philipp Klenk, Dr Stefan Wirsch)