KG Law Firm Advised on the Sale of Instashop Limited

Kyriakides Georgopoulos Law Firm is proud to have acted as sellers’ (investors and founders’) legal counsel, advising founders and investors in this landmark M&A transaction of USD 360 million for the sale of 100% of the shares of Instashop Limited, an online delivery business created by John Tsioris and Ioanna Angelidakis and further funded by Venture Friends, Souq and Jabbar. The company is currently active in UAE, Qatar, Bahrain, Egypt and Lebanon and has a presence in Greece. The acquisition was made by Delivery Hero (DH), a German listed company, which announced its inclusion in the German DAX (Deutscher Aktienindex) on 19 August 2020, after its first IPO in 2017.

KG Law Firm had previously acted for another successful acquisition of a Greek start-up by Delivery Hero, E-food in 2015. KG’s team was led by partner Elisabeth (Lisa) Eleftheriades and Angeliki Chalikia. Special thanks to Venture Friends for their ongoing trust to KG Law Firm with their legal support in their very active investment agenda within and outside Greece.