Freshfields Advises Uber on its Agreement to Acquire Getir’s Delivery Business

Freshfields is advising Uber on its announced acquisition of the delivery portfolio of Getir in Türkiye, including food, grocery, retail and water delivery, from Mubadala Investment Company. The transaction is structured in phases with the agreement to acquire 100% of Getir’s food delivery business at the outset, for $335 million in cash on a cash and debt free basis. 

In addition, Uber will invest $100 million to acquire a 15% stake in Getir’s grocery, retail and water delivery business. The acquisition of the remainder of Getir’s delivery portfolio across grocery, retail and water delivery is expected to close in the next few years, subject to certain operating and financial performance conditions being met. Learn more about the transaction here. 

The Freshfields M&A team is led by partners Tomas Rua and John Fisher, senior associate Devony Schmidt and associates Clara Barnosky and Yuanmeng He.  Partner Vinita Kailasanath, counsel Marissa Yu, senior associate Zackory Burns and associates Emily Parfitt, Alexandria Ku, Jenny Park, Olivia Luongo and Kayla Weston are advising on IP and commercial matters.  Partner Heather Brookfield, counsel Regina Erie and associates Juan Pastor and AliceRose Sherman are advising on executive compensation and benefits matters.  Partner Claude Stansbury, senior associate HyunKyu Kim and associate Shahab Pournaghshband are advising on tax matters. Partner Brock Dahl and associate Jackson Myers are advising on data privacy matters.  Partner Stephanie Brown Cripps, senior associate Tim Chen and associate Manpreet Kaur are advising on sanctions and anti-corruption matters. Counsel Jeremiah Nelson and associate Matt Parsons are advising on real estate matters.  Senior Associate Tea Minovic is advising on Dutch litigation matters. Senior Associate Max Chapman is advising on Abu Dhabi Global Market corporate law matters.