Delivery Hero completes the sale of Delivery Hero Korea LLC
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.
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