23/01/2025
We’re delighted to have helped Just Eat Takeaway.com NV with the sale of Grubhub to Wonder Group, Inc. The sale of Grubhub for an enterprise value of US$650m has now been completed. Grubhub was transferred with its US$500m of senior notes and, after customary adjustments and costs, net proceeds to the Company are expected to be up to US$50m.
The transaction increases Just Eat Takeaway.com’s ability to support investment in countries in which it has the greatest competitive advantage, improves Just Eat Takeaway.com’s GTV growth and free cash flow generation, and has a positive impact on Just Eat Takeaway.com’s capital structure and liquidity position.
Our thanks to our wonderful clients at Just Eat Takeaway.com NV.
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