Platinum Equity vs SSW Partners

Platinum Navigates Challenging Four-Year Path to Create Value in Unical Aviation Exit

Platinum Equity announces the divestiture of Unical Aviation to Satair, highlighting the firm's operational capabilities in transforming the company over four years.

Platinum Equity Navigates Challenging Four-Year Path to Create Value in Unical Aviation Exit

Meaningful transformation, sale to Satair, an example of firm’s Ops capabilities.

Platinum Equity Completes Sale of Global Environmental Services Business Urbaser to Blackstone and EQT for $6.6 Billion

Madrid-based global environment service provider experienced multi-year transformation.

Delivery Hero CEO Niklas Östberg to Stay Amid Takeover

Niklas Ostberg, co-founder and CEO of Delivery Hero, will remain in his role, reversing his earlier decision to step down in April. This follows Uber's takeover offer, which Delivery Hero has recommended shareholders accept. The supervisory board, led by Kristin Skogen Lund, cited Östberg's long experience and strong connection to the company as key reasons for ensuring continuity. Östberg has re-focused on internal development, including the 'Everyday-App strategy'. Uber's cash offer of EUR 41.50 per share values Delivery Hero at about EUR 13 billion fully diluted. Uber will take over operations in 50 markets, while SSW Partners will acquire businesses in 14 markets, including foodora, Glovo, PedidosYa, and Yemeksepeti. The transactions, expected to close in the second half of 2027, are pending regulatory approvals.

• Niklas Ostberg will remain CEO of Delivery Hero, reversing his earlier plan to step down in April.
• Uber's cash offer of EUR 41.50 per share values Delivery Hero at about EUR 13 billion fully diluted.
• Uber will take over Delivery Hero's operations in 50 markets, while SSW Partners will acquire businesses in 14 markets, including foodora, Glovo, PedidosYa, and Yemeksepeti.

Uber's Delivery Hero Acquisition Faces EU Antitrust Scrutiny

The European Commission's Directorate-General for Competition (DG COMP) is examining Uber's planned acquisition of Delivery Hero, a deal valued at around €13 billion. The scrutiny focuses on whether to assess the main acquisition and the parallel sale of Delivery Hero's operations in 14 countries to SSW Partners jointly or separately. Uber is financing a large portion of SSW's €1.4 billion purchase of those markets. Industry players are lobbying regulators, and MEP Andreas Schwab has called for careful assessment. The deal involves Uber offering €41.50 per share for Delivery Hero, with an equity value of approximately $14.8 billion, and is expected to close in the second half of 2027. Regulatory approvals are required in several jurisdictions, including South Korea, the Middle East, and Latin America, with concerns remaining in Spain.

• European Commission's DG COMP is scrutinizing Uber's ~€13 billion acquisition of Delivery Hero, potentially assessing the main deal and SSW Partners sale jointly.
• Uber is offering €41.50 per share for Delivery Hero, equating to an equity value of ~$14.8 billion.
• Delivery Hero is selling its business in 14 countries to SSW Partners for ~€1.4 billion, financed largely by Uber.

EU Commission to Scrutinize Uber-Delivery Hero Deal

The European Commission's DG COMP is preparing to scrutinize Uber's planned acquisition of Delivery Hero, a deal valued at around €13 billion. The review will consider whether to assess the main acquisition and the parallel sale of Delivery Hero's 14 country businesses to SSW Partners jointly or separately. Notably, Uber is lending SSW Partners most of the €1.4 billion needed for this purchase, raising concerns about market overlap and competitive impact. The deal has been structured to avoid antitrust issues, with Delivery Hero divesting in several European markets. However, some industry players are urging Brussels to examine both transactions together. The formal review is pending, with pre-notification talks underway. The deal is expected to close in the second half of 2027, subject to regulatory approvals in multiple jurisdictions, including South Korea and the Middle East.

• Uber plans to acquire Delivery Hero for approximately €41.50 per share, valuing the company at around $14.8 billion.
• Delivery Hero is selling its business in 14 countries to SSW Partners for around €1.4 billion.
• Uber has agreed to lend SSW Partners funds to finance the majority of the SSW transaction.