Torch Partners has advised JUST EAT plc (LSE: JE.), the world’s leading digital marketplace for takeaway food delivery, on its acquisition of four businesses from Rocket Internet and foodpanda for €125.0 million in aggregate (£94.7 million). The businesses acquired are online takeaway food businesses trading in Spain (La Nevera Roja), Italy (PizzaBo/hellofood Italy), Brazil (hellofood Brazil) and Mexico (hellofood Mexico).
Torch is delighted to have worked with JUST EAT on this transaction. Over the last 9 years, Torch has worked with JUST EAT on private financings, the IPO and acquisitions, with this being the sixth completed JUST EAT transaction on which Torch has advised. The relationship is a testament to Torch’s role as long-term trusted adviser to leading internet companies globally.
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