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New Deal


Announced

Completed

Sequoia Capital-backed Zomato Media completed the acquisition of Mekanist.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Completed

Single Bidder

Majority

Private

Friendly

Private Equity

Turkey

internet

Acquisition

Cross Border

Online and Social Platforms

Synopsis

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Sequoia Capital-backed Zomato Media, an online restaurant search service provider, completed the acquisition of Turkey-based firm Mekanist, an online restaurant search and discovery platform. Financial terms were not disclosed. With the acquisition of Mekanist in an all cash deal, Zomato’s restaurant coverage will increase to more than 75k across Turkey from about 27,5k now.

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