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New Deal


Announced

Jahez to acquire The Chefz for $200m.

Financials

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Transaction Value£166m
Consideration TypeCash, Ordinary Shares, Contingent Deferred Consideration
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

food delivery platform

E-commerce

Acquisition

Saudi Arabia

Private

online food ordering

Majority

Single Bidder

Pending

Synopsis

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Jahez, a Saudi food delivery firm, agreed to acquire The Chefz, a gourmet food and sweets delivery platform, for $200m. Jahez is the biggest locally owned food delivery group in Saudi Arabia. The firm made its trading debut in January after pricing its initial public offering at the top end of a planned range.

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