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  5. Delivery Hero Acquires Yemeksepeti

M&A Deal Summary

Delivery Hero Acquires Yemeksepeti

On May 5, 2015, Delivery Hero acquired internet software and services company Yemeksepeti from General Atlantic for 589M USD

Acquisition Highlights
  • This is Delivery Hero’s 8th transaction in the Internet Software and Services sector.
  • This is Delivery Hero’s 2nd largest (disclosed) transaction.
  • This is Delivery Hero’s 1st transaction in Turkey.

M&A Deal Summary
Date 2015-05-05
Target Yemeksepeti
Sector Internet Software and Services
Buyer(s) Delivery Hero
Sellers(s) General Atlantic
Deal Type Add-on Acquisition
Deal Value 589M USD

Target

Yemeksepeti

Istanbul, Turkey
Yemeksepeti is an online food ordering company in Turkey founded in 2001. The company operates portals that bring together consumers and restaurants and enables consumers to order food online both in Turkey and in UAE (www.foodonclick.com). Yemeksepeti currently has more than 6,500 contracted delivery restaurants across 41 cities in Turkey, and over 500 restaurants in the UAE.

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Buyer(S) 1

Buyer

Delivery Hero

Berlin, Germany
Category Company
Founded 2011
Sector Internet Software and Services
Employees44,612
Revenue 12.3B EUR (2024)
DESCRIPTION

Delivery Hero is a worldwide network of online food ordering sites with restaurants connected to its service across 5 continents. Delivery Hero was founded in 2011 and is based in Berlin, Germany.

DEAL STATS #
Overall 9 of 17
Sector: Internet Software and Services M&A 8 of 16
Type: Add-on Acquisition M&A Deals 7 of 12
Country: Turkey M&A 1 of 1
Year: 2015 M&A 2 of 4
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 Mylorry

10115, Germany

Mylorry GmbH is a provider of local emergency supplies and Instant delivery services. It provides delivery services to restaurants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Foodora

Munich, Germany

Foodora GmbH is an online portal that enables users to order food in their favorite restaurants and provides delivery service. Foodora was founded in 2014 and is based in Munich, Germany.

Buy -

Seller(S) 1

SELLER

General Atlantic

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.

DEAL STATS #
Overall 72 of 166
Sector: Internet Software and Services M&A 11 of 29
Type: Add-on Acquisition M&A Deals 27 of 50
Country: Turkey M&A 1 of 1
Year: 2015 M&A 4 of 8
Size (of disclosed) 15 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-08 MedExpress Urgent Care

Morgantown, West Virginia, United States

MedExpress Urgent Care LLC is a provider of healthcare services to those seeking non-emergency medical treatment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-04 Too Faced Cosmetics

Irvine, California, United States

Too Faced Cosmetics is a manufacturer and supplier of cosmetics products and accessories for eyes, face and lips. Too Faced Cosmetics was established in 1998 and is headquartered in Irvine, California.

Buy -
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