Bird & Bird advises Kreos Capital on its participation in HungryPanda's $130+ million Series D equity and debt funding round
Contacts
Partner
UK
I am the International Head of Venture Capital at Bird & Bird, focusing on domestic and international corporate transactions for emerging and high-growth companies and the investors in and lenders to those companies.
Partner
UK
I am a partner in the Corporate team and am based in our London office. I advise clients on a range of corporate transactions with a particular focus on Venture Capital and Mergers & Acquisitions, predominantly involving technology companies.
Bird & Bird has recently advised Kreos Capital on its participation in HungryPanda’s $130m+ Series D equity and debt funding round. Hungry Panda is the global leader in authentic Chinese deliveries globally.
Kreos Capital is the leading growth debt provider in Europe and Israel, and a longstanding client of the firm.
Headquartered in London, HungryPanda is now present in over 60 cities within 10 countries including the UK, the US, Australia, Canada, France, Italy, Japan, New Zealand, Singapore and South Korea. HungryPanda focuses on food delivery for Asian restaurants and Chinese populations overseas, and the company has recently expanded its product offering to include Asian groceries, increasing its services under the Panda Fresh brand.
With the new funding, HungryPanda will invest in growing its market share within the Asian food delivery sector to solidify its position as a market leader, while also exploring new opportunities, expanding its international offering and pursuing strategic acquisitions.
The firm’s ongoing relationship with Kreos Capital is part of Bird & Bird’s strategic focus in the Venture Capital space, supporting and advising the investors in and lenders to fast-growing companies.
The Bird & Bird team advised on all aspects of the transactions and was led by Corporate partner, Struan Penwarden, together with legal director Jenny Stockford (Finance) and senior associate Adam Meisels (Corporate) all UK based.
Struan Penwarden, international head of the Venture Capital practice at Bird & Bird comments: “We’re thrilled to work with Kreos Capital once again. This latest transaction again highlights their specialism in supporting, from both a debt and equity perspective, exciting high-growth companies at all stages of their development”.