20 02 2016

Just Eat acquires La Nevera Roja from Rocket Internet and Grupo Foodpanda for €125 million

Cuatrecasas, Gonçalves Pereira advised Rocket Internet and Grupo Foodpanda on the transaction


The transaction was one of a series of sales of Rocket Internet and Grupo Foodpanda companies valued at €125 million Rocket Internet, a German IT company, and the international food distribution group, Foodpanda, have sold Grupo Yamm Comida a Domicilio S.L. (La Nevera Roja), based in Spain, to the British company Just Eat, as well as other food distribution companies in Italy (PizzaBo and hellofood Italia), Brazil (hellofood Brazil) and Mexico (hellofood Mexico). The transaction is yet to be approved by the competition authorities. Rocket Internet AG formerly known as Rocket Internet Gmbh is an incubator and venture capital firm specializing in incubation, early-stage, and start-ups. The company, led by Oliver Samwer,
Marc Samwer, Alexander Samwer, Koen Thijssen and Peter Kimpel, is based in Berlin. Foodpanda GmbH operates an online food ordering marketplace. The company, led by Ralf Wenzel, Benjamin Bauer, Felix Plog, Bastian Stöhr and Saurabh Kochhar, is based in Berlin. Cuatrecasas, Gonçalves Pereira advised Rocket Internet and Grupo Foodpanda with a team including Kai Christian Fischer (Picture) Diana Rivera, Irene Moreno-Tapia and Alejandro Negro. Involved fees earner: Kai Christian Fischer - Cuatrecasas Gonçalves Pereira; Diana Rivera - Cuatrecasas Gonçalves Pereira; Irene Moreno-Tapia - Cuatrecasas Gonçalves Pereira; Alejandro Negro - Cuatrecasas Gonçalves Pereira;

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