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New Deal


Announced

HelloFresh to acquire Youfoodz for $93m.

Financials

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Transaction Value£67m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Scheme

food provider

Friendly

Public

ready meals

Pending

Australia

Single Bidder

Food Products

Majority

Acquisition

Cross Border

Synopsis

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HelloFresh, a meal-kit company, agreed to acquire Youfoodz, an Australian ready-to-eat meal manufacturer, for $93m. "Following the successful acquisition of Factor in the US, we consider the intended acquisition of Youfoodz and the expansion of our ready-to-eat offering an important component of our growth strategy. The popularity of ready-to-eat services in Australia in a well established and growing sector offers us a good opportunity to further strengthen our position by offering further choice of meal solutions and price points to our customers," Dominik Richter, HelloFresh CEO.

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