King & Spalding advised Delivery Hero Holding GmbH on its acquisition of the online and mobile food ordering company Talabat.com from Rocket Internet AG (“Rocket Internet”), which, at closing, was the largest technology acquisition in the region since Yahoo’s acquisition of Maktoob in 2009. The transaction marked Delivery Hero’s entry into the Middle East, where Talabat.com is the regional partner for global restaurants brands including Burger King, KFC and Pizza Hut.
We also advised Delivery Hero on the acquisition of Yemeksepeti, the online food ordering business based out of Turkey but with subsidiaries in Saudi Arabia, the United Arab Emirates, Lebanon, Oman, Qatar and Jordan. We’ve also advised on the integration of the Talabat and Yemeksepeti businesses and continue to advise on numerous aspects of their regional post-acquistion restructuring and regional transactions. The deal was highly structured to remove nominee relationships in Saudi Arabia and elsewhere in the region.