M&A Deal Summary

Delivery Hero Acquires Glovo - Latin America Operations

On September 16, 2020, Delivery Hero acquired internet software and services company Glovo - Latin America Operations from Glovo for 230M EUR

Acquisition Highlights
  • This is Delivery Hero’s 16th transaction in the Internet Software and Services sector.
  • This is Delivery Hero’s 4th largest (disclosed) transaction.
  • This is Delivery Hero’s 1st transaction in Argentina.

M&A Deal Summary
Date 2020-09-16
Target Glovo - Latin America Operations
Sector Internet Software and Services
Buyer(s) Delivery Hero
Sellers(s) Glovo
Deal Type Divestiture
Deal Value 230M EUR

Target

Glovo - Latin America Operations

Argentina
Glovo - Latin America Operations includes Argentina, Peru, Ecuador, Panama, Costa Rica, Honduras, Guatemala and the Dominican Republic.

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Buyer(S) 1

Buyer

Delivery Hero

Berlin, Germany
Category Company
Founded 2011
Sector Internet Software and Services
Employees44,612
Revenue 9.9B EUR (2023)
DESCRIPTION

Delivery Hero is a worldwide network of online food ordering sites with 10s of thousands of restaurants connected to its service across 5 continents. Delivery Hero was founded in 2011 and is based in Berlin, Germany.

DEAL STATS #
Overall 17 of 17
Sector (Internet Software and Services) 16 of 16
Type (Divestiture) 2 of 2
Country (Argentina) 1 of 1
Year (2020) 2 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-27 InstaShop

Dubai, United Arab Emirates

InstaShop Ltd. is one of the largest online grocery platforms in the Middle East and North Africa. InstaShop offers scheduled as well as on-demand deliveries in 45 minutes on average. Partnering with approximately 1,500 vendors, the company operates in five countries: the United Arab Emirates, Qatar, Bahrain, Egypt, and Lebanon.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Yogiyo

Seoul, South Korea

Yogiyo is an online food delivery platform allows users to order food from their favorite restaurants. Yogiyo is based in Seoul, South Korea.

Sell -

Seller(S) 1

SELLER

Glovo

Barcelona, Spain
Category Company
Founded 2014
Sector Internet Software and Services
DESCRIPTION

Glovo is a delivery app that delivers anything legal you want in under an hour.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
Country (Argentina) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-31 Foodinho

Milan, Italy

Foodinho Ltd. is an online platform that offers users to order for food from restaurants.

Buy -
Mergr

Product

Company

Legal