M&A Deal Summary

JUST EAT Acquires Rocket Internet & Food Panda - Four Businesses

On February 5, 2016, JUST EAT acquired internet software and services company Rocket Internet & Food Panda - Four Businesses from Rocket Internet and foodpanda for 125M EUR

Acquisition Highlights
  • This is JUST EAT’s 14th transaction in the Internet Software and Services sector.
  • This is JUST EAT’s 3rd largest (disclosed) transaction.
  • This is JUST EAT’s 1st transaction in Brazil.

M&A Deal Summary

Date 2016-02-05
Target Rocket Internet & Food Panda - Four Businesses
Sector Internet Software and Services
Buyer(s) JUST EAT
Sellers(s) Rocket Internet
foodpanda
Deal Type Divestiture
Deal Value 125M EUR

Target

Rocket Internet & Food Panda - Four Businesses

Brazil
Rocket Internet & Food Panda - Four Businesses are online takeaway food businesses trading in Spain (La Nevera Roja), Italy (PizzaBo/hellofood Italy), Brazil (hellofood Brazil) and Mexico (hellofood Mexico).

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Buyer(S) 1

Buyer

JUST EAT

London, United Kingdom

Category Company
Founded 2001
Sector Internet Software and Services
Employees4,772
DESCRIPTION

JUST EAT plc is a provider of online takeaway ordering service. JUST EAT was founded in 2001 and is headquartered in London, the United Kingdom.


DEAL STATS #
Overall 14 of 16
Sector (Internet Software and Services) 14 of 16
Type (Divestiture) 1 of 2
Country (Brazil) 1 of 1
Year (2016) 1 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-16 Orderit.ca

Ontario, Canada

Orderit.ca is a fellow food ordering and delivery platform, offer more choice of great local restaurants and food delivery and takeout options for millions of hungry customers in neighborhoods across Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-02 Just Eat - Benelux Business

Netherlands

Just Eat - Benelux Business comprises online food ordering and delivery business. The assets are located in the Netherlands and Belgium.

Sell €23M

Seller(S) 2

SELLER

Rocket Internet

Berlin, Germany

Category Company
Founded 2007
Sector Internet Software and Services
Employees404
Revenue 118M EUR (2021)
DESCRIPTION

Rocket Internet is an entity which identifies and builds proven internet business models and transfers them to new, underserved or untapped markets, mainly outside the United States and China. Rocket Internet was founded in 2007 and is based in Berlin, Germany.


DEAL STATS #
Overall 2 of 4
Sector (Internet Software and Services) 2 of 3
Type (Divestiture) 2 of 4
Country (Brazil) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-17 Foodora

Munich, Germany

Foodora GmbH is an online portal that enables users to order food in their favorite restaurants and provides delivery service. Foodora was founded in 2014 and is based in Munich, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Beauty Trend

Berlin, Germany

Beauty Trend GmbH (GLOSSYBOX) is a Europe’s number one provider of beauty box subscription services. Operating in ten core markets, with offices in the UK, Germany, France, Sweden and the USA – its model is such that customers subscribe to a box of beauty products on either a rolling monthly or fixed term basis. With its strong brand, GLOSSYBOX has created an independent platform connecting beauty enthusiasts, brands and influencers. Today, GLOSSYBOX is the market leader in Europe and has subscribers in Germany, Austria, Switzerland, France, the UK, Ireland, Sweden, Norway, the USA and Canada and holds relationships to over 500 international beauty brands.

Sell -
SELLER

foodpanda

Berlin, Germany

Category Company
Founded 2012
Sector Internet Software and Services
DESCRIPTION

foodpanda is a global online food delivery marketplace, active in 40 countries on five continents. foodpanda was formed in 2012 and is based in Berlin, Germany.


DEAL STATS #
Overall 1 of 2
Sector (Internet Software and Services) 1 of 2
Type (Divestiture) 1 of 2
Country (Brazil) 1 of 1
Year (2016) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-24 Singapore Dine Pte

Singapore, Singapore

Singapore Dine Pte Ltd. is a provider of online food delivery from Tony Roma’s, Chili’s, Subway, 4Fingers, California Pizza Kitchen, Outback Steakhouse, Bergs Gourmet Burger and many other individual restaurants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 Delivery.com - Hong Kong Business

China

Delivery.com - Hong Kong Business is an online provider of food ordering marketplace.

Buy -