M&A Deal Summary

Just Eat Takeaway Acquires 10bis. Il

On July 28, 2018, Just Eat Takeaway acquired internet software and services company 10bis. Il from TA Associates for 135M EUR

Acquisition Highlights
  • This is Just Eat Takeaway’s 4th transaction in the Internet Software and Services sector.
  • This is Just Eat Takeaway’s 2nd largest (disclosed) transaction.
  • This is Just Eat Takeaway’s 1st transaction in Israel.

M&A Deal Summary

Date 2018-07-28
Target 10bis. Il
Sector Internet Software and Services
Buyer(s) Just Eat Takeaway
Sellers(s) TA Associates
Deal Type Add-on Acquisition
Deal Value 135M EUR

Target

10bis. Il

Tel Aviv, Israel
10bis.Co.Il Ltd. is an online and mobile food ordering from restaurants in Israel. 10bis's cutting-edge technology allows customers to easily eat at or order from more than 3,500 restaurants. 10bis.Co.Il Ltd. was founded in 2000 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Just Eat Takeaway

Amsterdam, Netherlands

Category Company
Founded 2000
Sector Internet Software and Services
Employees13,155
Revenue 5.2B EUR (2023)
DESCRIPTION

Just Eat Takeaway is an online food delivery marketplace serving customers throughout Europe, Israel, and Asia. Takeaway is focused on connecting consumers and restaurants through its platform. Just Eat Takeaway was founded in 2000 and is based in Amsterdam, the Netherlands.


DEAL STATS #
Overall 4 of 9
Sector (Internet Software and Services) 4 of 9
Type (Add-on Acquisition) 2 of 2
Country (Israel) 1 of 1
Year (2018) 3 of 6
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-22 Foodarena

Biel, Switzerland

Foodarena GmbH is an online food ordering and delivery company. Foodarena GmbH is based in Biel, Switzerland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-21 pizza.de

Braunschweig, Germany

pizza.de GmbH is an online food ordering company. pizza.de was founded in 2007 and is based in Braunschweig, Germany.

Buy -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 213 of 255
Sector (Internet Software and Services) 11 of 14
Type (Add-on Acquisition) 117 of 130
Country (Israel) 2 of 3
Year (2018) 4 of 7
Size (of disclosed) 53 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 Odealim

Paris, France

Odealim is an insurance broker for the property management sector. The company acts as an intermediary between insurers and joint-property companies, real estate companies and property owners. Odealim designs, produces, prices and manages insurance policies, which are underwritten by blue-chip insurance partners. Odealim was founded in 1927 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-30 TCNS Clothing

New Delhi, India

TCNS Clothing designs, manufactures and sells contemporary ethnic wear, targeting women between the ages of 20 and 45. Through its four brands – W, Aurelia, Elleven and Wishful – TCNS operates across the value chain catering to women throughout India. TCNS Clothing was founded in 1972 and is based in New Delhi, India.

Sell -