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YPOG advises REWE Group on $150 million financing round of Flink

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Cologne, September 17, 2024  – YPOG advised REWE Group on the $150 million financing round of the Berlin-based express delivery service Flink. The total amount comprises $115 million in equity and $35 million in debt. In addition to existing investors such as Bond, Northzone, and Mubadala, various new investors also participated in the round.

At the same time, Flink has entered into a preferred partnership with Just Eat Takeaway in addition to the partnership it already had with REWE Group since 2021. These cooperations enable Flink to further integrate its services in Europe and thus also expand its market presence in Europe.

As part of its expansion strategy, Flink plans to open 30 new locations over the next 12 months to expand its range of fast delivery services and reach more customers.

Johannes Janning's team has advised REWE Group on several occasions in the past, including the €58 million financing round of Infinite Roots, and recently the $61 million financing round of Formo.

Team

Dr. Johannes Janning (Lead, Transactions), Partner, Cologne
Matthias Kresser (Venture Debt), Partner, Berlin/Hamburg
Laura Franke (Transactions), Senior Project Lawyer, Cologne
Nina Ahlert (Transactions), Senior Associate, Cologne
Dr. Matthias Schatz (Corporate), Partner, Cologne
Dr. Malte Bergmann (Tax), Partner, Hamburg
Dr. Benedikt Flöter (IP/IT/Data Protection), Associated Partner, Berlin

The REWE Group in-house team was led by Dr. Ulrich Fleischer (Senior Legal Counsel - M&A and Financing).

About REWE Group

The cooperative REWE Group is one of the leading retail and tourism groups in Germany and Europe. In 2023, the company achieved a total external turnover of over €92 billion. Founded in 1927, REWE Group has around 390,000 employees and is present in 21 European countries.

About us

YPOG stands for You + Partners of Gamechangers. As a leading law and tax firm, YPOG supports founders, investors, companies and funds in Germany and internationally in bringing visionary ideas to life in the tech ecosystem and dynamic future markets.
YPOG advises on the structuring of venture capital and private equity funds, financing rounds and complex transactions, as well as on regulatory and tax matters relating to digital assets and financial innovation. As a strategic partner, YPOG develops practical solutions of the highest legal standard. 
The firm combines legal and tax expertise with legal tech, digital workflows and AI-based systems to provide efficient and scalable advice.
YPOG and its professionals are regularly recognised by JUVE, Chambers and Partners, The Legal 500, Best Lawyers and Leaders League. More than 380 lawyers, tax advisers, tax specialists, one notary and business professionals work for YPOG across its offices in Berlin, Cologne, Hamburg and Munich. 

Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog

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