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New Deal


Announced

Flink to acquire Cajoo from Carrefour.

Financials

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Transaction Value£77m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private

Majority

Pending

Specialty Retailers

France

grocery delivery

Acquisition

Friendly

Cross Border

Synopsis

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Flink, a quick commerce company, agreed to acquire Cajoo, a quick commerce pioneer in France, from Carrefour, an operator of supermarkets, hypermarkets, cash and carries stores, and e-commerce websites. Financial terms were not disclosed. "Cajoo has done an amazing job in leading the quick commerce revolution in France and building a loyal customer base. We are happy to join forces under the Flink brand to create the #1 player in quick commerce in France. At the same time, we feel privileged to enter an exclusive partnership with Carrefour to offer the best assortment at competitive prices to our customers," Oliver Merkel, Flink Co-Founder.

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