Affinity Equity Partners, GS Retail Co., Ltd. (KOSE:A007070) and Permira Advisers Ltd. signed an agreement to acquire Delivery Hero Korea Ltd from Delivery Hero SE (XTRA:DHER) for an enterprise value of KRW 800 billion on August 13, 2021. The transaction is subject to approval of regulatory board/committee. The transaction is expected to close before the end of this year. Morgan Stanley (NYSE:MS) acted as financial advisor to Delivery Hero. Latham & Watkins LLP acted as legal advisor to Permira Advisers Ltd. Anne Drakeford of Clifford Chance LLP acted as legal advisor to Permira Advisers Ltd.

Affinity Equity Partners, GS Retail Co., Ltd. (KOSE:A007070) and Permira Advisers Ltd. completed the acquisition of Delivery Hero Korea Ltd from Delivery Hero SE (XTRA:DHER) on October 29, 2021.