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New Deal


Announced

Completed

Wonder Group completed the acquisition of Blue Apron from FreshRealm for $103m.

Financials

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Transaction Value£84m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium137%
One Off Charge-

Tags

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United States

Food Products

meal kit retailer

Acquisition

Domestic

Public

Majority

Friendly

Single Bidder

Tender Offer

Completed

Synopsis

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Wonder Group, a food delivery startup that operates truck-based restaurants from which consumers can order food through a mobile app, completed the acquisition of Blue Apron, an ingredient-and-recipe meal kit company, from FreshRealm, an owner of a minority stake, for $103m. “By joining forces with Wonder, we continue to realize our vision of Better Living Through Better Food, and support how families and loved ones come together over food. Wonder and Blue Apron deliver high-quality, chef-curated meals, making this a great match to offer more incredible mealtime experiences. The Blue Apron brand and products that our customers know and love will stay the same, with more opportunity for product expansion in the future. Further, the transaction delivers immediate and certain value for Blue Apron stockholders at a significant premium over recent trading prices," Linda Findley, Blue Apron President and CEO.

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