Berlin, 29 October 2021 - Delivery Hero SE ("Delivery Hero"), the world's leading local delivery platform, has completed the sale of Delivery Hero Korea LLC ("Yogiyo") to Affinity Equity Partners, GS Retail Co, Ltd., and funds advised by Permira. The three-party consortium has acquired 100% of the entity for an enterprise value of KRW 800 billion.
Following the conditional regulatory approval by the Korea Fair Trade Commission ("KFTC") for its strategic partnership with Woowa Brothers Corp., Delivery Hero was required to divest 100% of Delivery Hero Korea LLC by 2 January 2022. Delivery Hero has now fulfilled the KFTC's requirement by closing the transaction within the permitted time frame.
ABOUT DELIVERY HERO
Delivery Hero is the world's leading local delivery platform, operating its service in around 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10 to 15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com
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