Naver Corporation acquires Wallapop for €650M: advisors
Pérez-Llorca advised Naver Corporation, through its subsidiary NW Holdings Intermedia, on the acquisition of a controlling interest of up to 100% in Wallapop. The transaction, initially announced in the summer of 2025, sets a post money valuation of approximately €650 million. Naver is a South Korean technology company, while Wallapop is a Spanish online marketplace for second-hand items operating in Spain, Italy and Portugal. Uría Menéndez advised Wallapop, and Hogan Lovells advised Korelya Capital, Korelya Capital, one of Wallapop’s main shareholders and a selling investor, on the transaction.
The Pérez-Llorca team involved in the transaction comprised Pablo Hontoria, corporate M&A partner; Laura Llanos and Isabella Dalmau, corporate M&A lawyers; Andy Ramos, IP and technology partner; Antonio Muñoz-Torrero, Irene Ortega and Michelle Camerlo, IP and technology lawyers; and Isabel Moya, employment, compensation and benefits partner, together with Eva Láuzara, employment, compensation and benefits lawyer.
Uría’s team involved in this operation was composed of Antonio Herrera (partner, Corporate – M&A, Madrid); Júlia Figueras (senior associate, Corporate – M&A, Barcelona); Berta Viñas (associate, Corporate – M&A, Barcelona); Carlos Paredes (partner, Corporate – M&A, Madrid); Javier García Sanz (partner, Litigation and Arbitration, Madrid); Carlos Durán (partner, Tax, Barcelona); Alfonso Gutiérrez (partner, Competition and EU Law, Madrid); Alejandro Pernía (associate, Competition and EU Law, Madrid); David López Velázquez (partner, FDI, Madrid); Cristian Gual (partner, Litigation and Arbiration, Madrid); Ingrid Pi (partner, Digital Law, Barcelona); Francisco Javier García (partner, Digital Law, Barcelona); Inés Ríos (counsel, Employment Law, Barcelona) and Alejandro Villegas (managing associate, Tax, Barcelona).
For this transaction, Hogan Lovells assembled an international team led from Paris by Xavier Doumen (partner) and Bob Zeller (counsel), and from Madrid by Graciela Llaneza (partner) and Enrique de Pablos (counsel). The team was also supported by Elif Gocmen (associate), María Gutiérrez (senior associate), Cristina Adanero (junior associate), Jon Aurrekoetxea (partner), Alejandro Montanero (associate), Casto González Páramo (partner), Raquel Fernández (senior associate), Alejandro Moscoso del Prado (counsel), and Igor Montejo (counsel).
Pictured above from left to right, Antonio Herrera, Carlos Paredes, Pablo Hontoria and Graciela Llaneza.
