Hengeler Mueller advises Naspers Limited on increase of its stake in Delivery Hero

28. September 2017

South African-based global internet and entertainment group Naspers has announced the acquisition of a 13 per cent share in the listed Delivery Hero AG from a subsidiary of Rocket Internet SE at a price of EUR 660 m. The additional stake increases Naspers’ shareholding to 23,6 %. The transaction is subject to regulatory approval.

Delivery Hero, headquartered in Berlin, was founded in 2011 and offers online food delivery services across more than 40 countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific Region.

Hengeler Mueller advised Naspers on the transaction. The Hengeler Mueller team included partners Kai-Steffen Scholz (Berlin), Jochen Vetter (Munich) (both Corporate/M&A), Markus Röhrig (Antitrust, Brussels) as well as associates Anja Balitzki (Antitrust, Düsseldorf) and Jonas Wäschle (Corporate/M&A, Munich).