Top Firms Advise on £5.7B Food Delivery Merger
Slaughter and May and Kirkland & Ellis are among the firms to advise on the proposed deal between Just Eat and Grub Hub food delivery services.
June 11, 2020 at 04:58 AM
3 minute read
Slaughter and May and Kirkland and Ellis are among the raft of firms advising on food delivery juggernaut Just Eat Takeaway.com's latest merger.
The proposed £5.75 billion deal would see the business merge with U.S. rival Grubhub. It follows Just Eat's 2019 deal to combine with Takeaway.com.
The deal would create the world's largest food delivery company with 70 million combined active customers globally, according to a statement by the companies.
Cravath, Swaine & More, Slaughter and May and Dutch outfit De Brauw Blackstone Westbroek are advising Just Eat.
The Slaughters team is made up of London partners Paul Dickson, Lisa Wright and Andrew Jolly, while partners Klaas de Vries and Reinier Kleipool are leading for De Brauw, one of Slaughters' 'best friend' firms.
Cravath's team is being led by corporate partner G.J. Ligelis.
Meanwhile, U.S. duo Kirkland and Ellis and Wilson Sonsini Goodirch & Rosati are acting for Grubhub alongside Dutch firm NautaDutilh. Kirkland's team is being led by transactional partners Laura Sullivan and Daniel Wolf.
Nauta's team is made up of corporate partners Paul van der Bijl and Stefan Wissing, tax partners Chris Warner and Nina Kielman and capital markets partner Petra Zijp, a firm spokesperson said.
The transaction is expected to complete in the first quarter of 2021.
Matt Maloney, CEO and founder of Grubhub, said in a statement: "Combining the companies that started it all will mean that two trailblazing start-ups have become a clear global leader.
"We share a focus on a hybrid model that places extra value on volume at independent restaurants, driving profitable growth."
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