Global law firm White & Case LLP has advised Deliveroo plc on the strategic sale of certain assets in Hong Kong to foodpanda and the closure of its remaining operations in Hong Kong.
“The White & Case team supported Deliveroo through a significant transaction that showcases our global M&A expertise and our ability to navigate complex market exits efficiently,” said White & Case partner Di Yu, who co-led the Firm’s deal team with partner Guy Potel.
White & Case advised on all aspects of the transaction, including M&A and liquidation.
Deliveroo has nominated liquidators to manage the closure of its Hong Kong business and remaining assets. The decision to exit Hong Kong was driven by several market-specific dynamics and its commitment to disciplined capital allocation, which led the Deliveroo board to conclude that continuing operations in Hong Kong would not serve shareholders’ best interests.
The White & Case team which advised on the transaction was led by partners Di Yu and Guy Potel (both London) and included partners Tim Hickman, Jessica Kemp, Marc Israel (all London), Steven Sha, Sophie Lyall and Wilfred Ho (all Hong Kong), counsel Kate Kelliher (London & Brussels) and associates Johanna Wagner, Conor Magee, Katie Bolger (all London), Aurora Leung and Anthony Chan (both Hong Kong).
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Read the orginal article: https://www.whitecase.com/news/press-release/white-case-advises-deliveroo-asset-sale-and-market-exit-hong-kong
