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Wed, 13 Apr 2022

Seufert advises Shop Apotheke in takeover of First A a Quick Commerce platform for pharmaceuticals

 

Seufert's corporate team advised the Netherlands online pharmacy Shop Apotheke Europe N.V. on the takeover of the quick commerce pharmacy delivery service First A.

The founders of First A remain with the company and will drive ambitious development plans. The Berlin Start-up at present offers a 30 minute delivery of medicines in five major German cities. Online delivery services regard quick commerce as a growth driver.

Seufert corporate partner Dr. Johannes Gruber, leading Seufert's conduct of the takeover, commented: "This transaction was a lot of fun for all of us. Everyone was electrified. We closed less than three weeks after the first call. And we did it with a thoroughly challenging structure in a disruptive environment. In a way, 'Quick M&A' in the 'Quick Commerce' sector."