REWE Group leads USD 150 million financing round of Flink

Colo­gne — YPOG provi­ded compre­hen­sive legal advice to REWE Group in connec­tion with the $150 million finan­cing round of the Berlin-based express deli­very service Flink.
The total amount consists of $115 million equity and $35 million 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 stra­te­gic part­ner­ship with Just Eat Takea­way, and a part­ner­ship with REWE Group has been in place since 2021.
These part­ner­ships enable Flink to further inte­grate its services in Europe and thus 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. 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 is present in 21 Euro­pean count­ries with around 390,000 employees.
Johan­nes Janning’s team has advi­sed REWE Group seve­ral times in the past, inclu­ding on the €58 million finan­cing round of Infi­nite Roots and most recently on the $61 million finan­cing round of Formo.
Advi­sors REWE: YPOG 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 in-house team of REWE Group was led by Dr. Ulrich Flei­scher (Senior Legal Coun­sel — M&A and Financing).
About YPOG YPOG is a law firm specia­li­zing in tax and commer­cial law, active in the core areas of funds, tax, banking + finance and transactions.
The YPOG team advi­ses a wide variety of clients. These include emer­ging tech­no­logy compa­nies and family-run medium-sized enter­pri­ses as well as corpo­ra­ti­ons and private equity/venture capi­tal funds. YPOG is one of the leading addres­ses for venture capi­tal, private equity and fund struc­tu­ring in Germany. The firm and its part­ners are ranked natio­nally and inter­na­tio­nally by JUVE, Best Lawy­ers, Legal 500, Focus, Cham­bers and Part­ners and Leaders League. Today, YPOG employs more than 120 expe­ri­en­ced lawy­ers, tax consul­tants, tax specia­lists and a notary in three offices in Berlin, Hamburg and Colo­gne. www.ypog.law