Aspex Management

Aspex Management, founded in 2018, is a Hong Kong-based investment manager specializing in pan-Asian public and private equity markets. It manages assets for global institutional investors, including university endowments, charitable foundations, sovereign wealth funds, single-family offices, and outsourced investment offices, under regulation by the Securities and Futures Commission of Hong Kong.

Activist investor Aspex Management, now Delivery Hero’s largest voting bloc with a 15% stake, is pressuring the company to withdraw from entire regions, including the **Middle East and North Africa (MENA)**, which currently drives most of its profits. The move follows Aspex’s demand for strategic shifts, potentially impacting Delivery Hero’s subsidiaries **Talabat** and **HungerStation**, both key players in the region. The CEO’s announced resignation reflects escalating tensions between management and the activist shareholder.

May 2026FWDStart | MENA Startups, Tech News & VC InsightsNews article

Niklas Östberg will leave Delivery Hero as CEO by March 2027 following activist investor Aspex Management’s acquisition of a 15% equity stake. The stake purchase prompted Aspex to advocate for his departure. Delivery Hero operates a global food delivery platform serving millions of customers.

May 2026Briefs FinanceNews article

Activist investment fund Aspex acquires a 5% stake in Delivery Hero from Prosus. The move follows Delivery Hero’s relocation of its headquarters to Frankfurt, Germany. Aspex’s investment signals growing shareholder activism in European tech companies.

May 2026Il Sole 24 ORENews article

Prosus is evaluating the sale of a 10% stake in Delivery Hero to Aspex, according to Bloomberg News. The potential transaction could reshape ownership in the food-delivery giant. Aspex, a private equity firm, may acquire the stake as part of a broader investment strategy.

Mar 2026MarketScreenerNews article