S&C’s Frankfurt Office Advises Delivery Hero on €1.25 Billion Capital IncreaseJanuary 7, 2021
On January 6, long-time S&C client Delivery Hero SE raised €1.25 billion by issuing 9,442,965 new ordinary registered shares to institutional investors, corresponding to approximately 4.7 percent of the company's share capital. The company plans to use the net proceeds for general corporate purposes and to take advantage of investment opportunities.
Headquartered in Berlin, Delivery Hero is one of the world's leading local delivery platforms with operations across Europe, Latin America, Asia-Pacific, the Middle East and North Africa. The company's shares are listed on the Frankfurt Stock Exchange and included in the DAX index.
The S&C Frankfurt team advising Delivery Hero includes Carsten Berrar, Lars Rueve, Philipp Hartmann and Frederic Dreher. Clemens Rechberger advised on U.S. law topics.
Previously, S&C advised Delivery Hero on many of its key transactions, including its IPO in June 2017, its capital increase in December 2017, the sale of its German food delivery operations to Takeaway.com in 2018, its USD 4 billion acquisition of South-Korean Woowa Brothers in December 2019, its capital increase and issue of convertible bonds in January 2020, and its issuance of convertible bonds in July 2020.