Düsseldorf, Germany, March 31, 2022 – McDermott Will & Emery advised Berlin-based mobility start-up Door2Door GmbH on the sale of all shares in the company to Dubai-based Swvl Inc. The transaction is expected to close within the second quarter of 2022.
This is the first investment in the German market for transportation-as-a-service provider Swvl Inc. The company was launched five years ago in Cairo as a booking platform for local transport and now offers an app for booking bus rides in 115 cities worldwide. Via a SPAC, Swvl, which is valued at $1.5 billion, plans to go public on the New York Stock Exchange shortly.
Door2Door offers complete solutions for a city’s local transport. This involves coordinating journeys using different means of transport. The offering is currently available in ten European countries.
McDermott advised Door2Door from its founding through all financing rounds to its exit.
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