Linklaters Advises Getir on Acquisition of FreshDirect

Linklaters advised Getir, the world's pioneer of ultrafast grocery delivery, on its pending acquisition of New York City-based online grocery company FreshDirect from Ahold Delhaize USA, the largest grocery retail group on the East Coast. 

The acquisition will lead to significant synergies between Getir and FreshDirect and emphasizes Getir's strategic ambitions to grow in the United States. FreshDirect will leverage Getir's technology and operational footprint to offer faster services to its loyal customer base, which will also benefit from easy access to Getir's quick convenience service. FreshDirect will enable Getir to further increase the quality and breadth of its product range, especially regarding fresh products, making it even more attractive to its New York customers.

With over two decades of service, FreshDirect has cultivated business ties with some of the region's finest food growers and producers and has become a key local online grocery player. Following the closing of the acquisition, FreshDirect will retain its brand name and continue to operate out of its facility in the Bronx, New York City.

The Linklaters team was led by Partners Pierre-Emmanuel Perais in New York and James Wootton, Daniel Cousens, Simon Few, and Guido Portier in London and Europe. The team also included corporate Associates Damini Bhatnagar, Fraser Goodlad, and Richard Ness; tax support from Counsel Omer Harel and Sean McKeever, and Managing Associates Matthew Russo and Joy Cheng; executive compensation and benefits support form Partner Andrew Gaines and Counsel Janet Lee; and data privacy support from Managing Associates Kris Ekdahl, Ekta Oza, and Tom De Coster.

This transaction comes on the heels of a flurry of activity for Linklaters’ U.S. Corporate team, which recently advised Tokio Marine on Sierra Space’s $290 million Series B fundraise and received The M&A Advisor’s Law Firm of the Year and Consumer Staples Deal of the Year Awards.