Simpson Thacher is representing JPMorgan Chase Bank, N.A. in connection with committed debt financing for DoorDash Inc.’s (“DoorDash”) proposed recommended take-private of Deliveroo plc (“Deliveroo”). The transaction is valued at a total purchase price of approximately US $3.9 billion. The committed financing consists of a $2.85 billion bridge facility. The transaction is expected to close in the fourth quarter of 2025, subject to the satisfaction of customary closing conditions.
DoorDash is a leading global technology company that connects local businesses to their communities and consumers. DoorDash operates in over 30 countries, partnering with over 500,000 local businesses and serving nearly 42 million monthly active users. Deliveroo is a leading local commerce platform, which partners with approximately 176,000 local businesses in nine countries, serving approximately 7 million monthly active consumers.
The Simpson Thacher team includes Dan Kay, Jennifer Albrecht, Roey Vardi and Colin Dennis (Banking and Credit - NY); David Azarkh, John O’Connell, Sofia Elkina and Andres Cruz (Capital Markets); Antti Pesonen and Tom Lort (Banking and Credit - London), Clare Gaskell and Lucy Gillett (London Corporate), Jeanne Annarumma (ECEB); Claire Cahoon (Regulatory); and Michael Mann (Tax).