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News Aug 11, 2016

Shearman & Sterling Advises Bridgepoint on Its Investment in Deliveroo

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.

The Shearman & Sterling team was led by partner Simon Burrows (both London-Mergers & Acquisitions); and senior associate Anna Cooklin (London-Mergers & Acquisitions). The team also included partners Michael Dorf (San Francisco-Mergers & Acquisitions) and Thomas Donegan (London-Financial Institutions Advisory & Financial Regulatory); counsel Sam Whitaker (London-Compensation, Governance and ERISA), Mark Adams (London-Real Estate) and George Milton (London-Antitrust); associates Tessa Parkes, Sophie Rees and Rosie Boyle (all London-Mergers & Acquisitions), Carsten Bernauer and Sven Oppermann (both Frankfurt-Mergers & Acquisitions), Elizabeth Emerson (London-Tax), Savas Manoussakis (London-Antitrust) and Inyoung Song (London-Financial Institutions Advisory & Financial Regulatory).

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).