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Noerr advises Foodpanda on USD100m sale of Delivery Club

Noerr has advised long term client Foodpanda on the sale of Russian food delivery company Delivery Club to Mail.Ru Group, one of Russia’s largest Internet companies.

Mail.Ru Group will acquire 100 per cent of Delivery Club in an all cash transaction. The total deal value is USD100 million. The deal is not subject to any third party approvals.
 
Delivery Club is the leading player in the growing Russian internet food delivery market. It currently has over 4,500 connected restaurants with the number of daily orders reaching 20,000. In H1 2016 net revenues were RUB296 million.
 
Mail.Ru Group, listed on the London Stock Exchange, is operating Russia's leading email service and one of Russia's largest internet portals, Mail.Ru, as well as the three largest Russian language social networks, VKontakte, Odnoklassniki and Moi Mir.

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