Cologne – A Team at SMP advised Berlin-based company Flink on the establishment of an SE holding structure for its future German and European business as well as on the design of the governance and group structure. Pwwl provided employment law support for the transaction.
Flink is a new online supermarket with the goal to revolutionize the world of grocery shopping. The company which was founded in late 2020 by Oliver Merkel, Christoph Cordes and Julian Dames offers a wide selection of products that are delivered by drivers using electric bikes to the customer's door in 10 minutes. Flink sources only the highest quality products, ensuring the food delivered is fresh and nutritious. The focus is on providing local products in each city with the aim to be 100% organic. Flink's delivery hubs are located in densely populated inner-city locations, and the plan for 2021 is to expand into all major cities in Germany and also to conquer the markets in the Netherlands and France. Back in March, the startup announced it has raised $52 million in financing. The seed round was led by Target Global and under participation of existing investors such as Northzone, Cherry Ventures and TriplePoint Capital.
"In light of the Corona situation, the on-demand grocery delivery industry in Europe continues to grow rapidly and we are pleased to support Flink as a leading player with setting up suitable structures right from the start," says SMP Partner Matthias Schatz.
Advisors Flink: SMP
Dr. Matthias Schatz (Lead, Corporate law)
Dr. Sebastian Schödel (Co-Lead Corporate law)
Dr. Christoph Lüttenberg (Corporate law)
Andreas Kortendick (Lead Tax law)
Dr. Christian Joisten (Tax law)
SMP is a boutique law firm for tax and business law which is active in the core fields of Tax, Funds, Corporate, Litigation and Transactions. The attorneys and tax specialists at SMP represent a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations as well as private equity and venture capital funds. Founded in 2017, SMP has become one of the leading players for venture capital, private equity and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus and Chambers and Partners. Today, SMP has more than 60 experienced lawyers and tax specialists in three Offices in Berlin, Hamburg and Cologne.