Announced
Financials
Tags
Pending
E-commerce
delivery app
South Korea
Private Equity
Friendly
Acquisition
Majority
Private
Domestic
Single Bidder
Synopsis
Permira Advisers, Affinity Equity Partners and GS Retail, an operator of a chain of retail stores, agreed to acquire Yogiyo, a mobile and online food delivery platform, from Delivery Hero, an online food-delivery service, for $685m. The closing of the transaction is expected before the end of 2021. The acquisition will create synergy by integrating GS Retail's 16k retail outlets, including convenience stores, with Yogiyo's online delivery business.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.