Shearman & Sterling advised Bridgepoint on its strategic $100 million investment in Deliveroo.
Deliveroo, founded by former investment banker Will Shu and CTO Greg Orlowski in 2013, is an end-to-end food delivery service that brings high-quality local restaurant food to homes and offices through a proprietary technology and logistics platform. The startup has partnered with over 5,000 restaurants worldwide, including Dishoom, Ping Pong, Dirty Burger and even Michelin-starred Trishna in London. Deliveroo is currently available in 30 UK cities and 20 other international cities across Europe, Australasia, Asia and the Middle East. Bridgepoint is a major international private equity group focused on investing in market-leading businesses. Established over 25 years ago it has over €20 billion of committed capital from a global investor base.
Previously, Shearman & Sterling advised Bridgepoint on its acquisition of Element Materials Technology (March 2016); the sale of LGC (March 2016); its acquisition of Moneycorp (August 2014); and the sale of Quilter Cheviot (October 2014).