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HelloFresh acquires YouFoodz for $125m
Meal-kit companies YouFoodz and HelloFresh will merge after the latter’s successful scheme of arrangement for a total consideration of approximately $125 million.
Naomi Neilson
Firm: Baker McKenzie (YouFoodz Holdings Limited)
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Deal: Meal-kit company HelloFresh has cemented its acquisition of food delivering and packaging company YouFoodz, with Baker McKenzie assisting the latter.
Value: $125 million.
Area: M&A.
Key players: The team was led by corporate partners Lance Sacks and Rick Troiano, who were assisted by associates Kurt Fisher and Lewis Assness.
Deal significance: Baker McKenzie has advised YouFoodz with the proposed acquisition of it by HelloFresh SE by a scheme of arrangement.
Mr Sacks commented: “After assisting our client, YouFoodz Holdings Limited, on its initial public offering and ASX listing late last year, we are delighted to act for it on this important transaction. The transaction will allow YouFoodz and HelloFresh to further develop and grow together in the ready-made meal sector in Australia.”
