Deliveroo Exits Hong Kong with Foodpanda Asset Sale
Deal News | Mar 11, 2025 | White & Case
Global law firm White & Case LLP has advised Deliveroo plc on its strategic exit from the Hong Kong market through the sale of certain assets to foodpanda and the closure of its operations in the region. The law firm navigated the intricate M&A and liquidation processes, demonstrating its global expertise in significant transactions. Deliveroo decided to exit Hong Kong due to market-specific dynamics and its commitment to disciplined capital allocation, opting to nominate liquidators to manage its remaining assets there. The advisory team for White & Case was led by partners Di Yu and Guy Potel in London and supported by a multidisciplinary team across the firm's London, Brussels, and Hong Kong offices.
Sectors
- Legal Services
- Food Delivery Services
Geography
- Hong Kong – The geographic focus of the article is on Deliveroo's market exit and asset sale in Hong Kong.
- United Kingdom – The global law firm White & Case LLP, based in London, played a significant role in advising the transaction.
Industry
- Legal Services – The article highlights the involvement of the global law firm White & Case LLP in advising on a significant M&A transaction and market exit.
- Food Delivery Services – Deliveroo is a major player in the food delivery industry, and its strategic decisions impact the market dynamics within this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Deliveroo plc | Target Company | Company | A prominent player in the food delivery market, deciding to exit the Hong Kong market through asset sale and liquidation. |
| foodpanda | Buyer | Company | Acquired certain assets from Deliveroo as part of its strategic exit from Hong Kong. |
| White & Case LLP | Legal Advisor | Company | Global law firm providing advisory services for Deliveroo's M&A transaction and market exit. |
| Di Yu | Co-lead Advisor | Person | Partner at White & Case LLP who co-led the advisory team. |
| Guy Potel | Co-lead Advisor | Person | Partner at White & Case LLP who co-led the advisory team. |