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Just Eat plc
Oakley advises Just Eat plc on its acquisition of SkipTheDishes
Retained Clients - JUSTEAT
Sector:
Online
Transaction Type:
Acquisition
Date:
Dec 2016
Deal Value:
£120m

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering sector specialist advice across the TMT sector, has advised Just Eat plc, the leading online marketplace for restaurant delivery, on its acquisition of SkipTheDishes Restaurant Services (“Skip”), an end-to-end food delivery network operating in Canada and the US, for an initial consideration of CAD$110 million (£66 million). The Oakley team was led by Christian Maher, Managing Partner and assisted by Christian Craggs, Managing Director, Oksana Stowe, Assistant Director and Simon Porter, Analyst.
Based in Winnipeg, Canada, Skip is one of the country’s largest online food delivery marketplaces. It has developed a proprietary and scalable technologically-advanced delivery platform focused on lower density metropolitan and suburban areas, which are key attributes of the Canadian market. Skip’s business model and geographic presence is complementary to Just Eat’s, forming a powerful combination to address a unique set of market conditions in Canada. The combination of Skip’s delivery capabilities with Just Eat’s growing network of restaurant partners and customers will significantly enhance Just Eat’s market-leadership in Canada.

Christian Maher, Joint Managing Partner, said:

“We are delighted to have advised Just Eat on its cross-border acquisition of Skip. The combined business will greatly enhance Just Eat’s market position in Canada, and provide further scale and diversification, as well as offering access to world-class delivery logistics technology. Oakley has enjoyed a long relationship with Just Eat, including assisting with its successful IPO in April 2014, and we wish the team continued success in the future.”

Oakley Advisory

Oakley Advisory Limited (“Oakley”) is one of Europe’s leading independent corporate finance firms offering expert, specialist advice across a range of sectors including Telecoms, Technology, Online, Media, Datacentres and Hosting. We are unique in the mid-market in offering highly specialised sector insight and knowledge combined with our Equity Capital Markets capability, meaning we can provide the fullest possible suite of advice across both public and private markets.

This transaction marks the seventeenth deal we have announced or completed in the last twelve months. It rounds off another successful year for Oakley, with highlights including advising Telecity on its £2.9 billion sale to Equinix Inc, Maintel on its £48.5 million acquisition of Azzurri Communications Group, Parship Elite Group GmbH on its €300 million sale to ProSiebenSat.1 Media SE, Time Out Group on its £195 million IPO and Daisy on its £184 million recommended offer for Alternative Networks plc.

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