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New Deal


Announced

RJB Partners to invest $40m in Blue Apron.

Financials

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Transaction Value£31m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Acquisition

United States

Friendly

Domestic

Food Products

Single Bidder

Pending

meal kit retailer

Private

Synopsis

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RJB Partners, an investment firm, agreed to invest $40m in Blue Apron, an American ingredient-and-recipe meal kit company. "Blue Apron's plan is focused on driving growth in a conscious way that speaks to consumers looking for values-aligned products and capitalizing on their brand that is ubiquitous with meal kits and recognized by a majority of Americans. I believe that their commitment to doing right by the planet and their customers through sustainable sourcing, packaging and a goal of net zero status is aligned with consumers and investors alike in driving a great business for the future. Linda and the team at Blue Apron have my continued support as they execute on their strategy," Joseph N. Sanberg, RJB Partners Managing Member.

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