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JUST EAT PLC
Oakley Capital acts as Co-lead Manager on IPO of JUST EAT PLC
Completed Transactions - JUSTEAT Logo
Sector:
Online
Transaction Type:
IPO, Retained Clients
Date:
April 2014
Deal Value:
£1.47bn
  •  JUST EAT operates the world’s largest online market place for restaurant delivery
  • First issue onto the High Growth Segment of the LSE
  • Conditional dealings commenced 3rd April 2014 with unconditional dealings and admission to the High Growth Segment of the Main Market occurring on 8 April 2014
  • 52nd completed deal by Oakley since launch in late 2007
  • Oakley Capital remains strongly positioned for further IPOs in 2014

Oakley Capital Limited (“Oakley”) acted as Co-lead Manager on the IPO of JUST EAT plc, alongside Goldman Sachs and J.P. Morgan Cazenove acting as Joint Global Coordinators and Joint Bookrunners.

The Offer raised gross proceeds of approximately £360.1 million for the Company and selling shareholders assuming no exercise of the over-allotment option, and approximately £387.1 million assuming exercise in full of the over-allotment option. The Company will receive approximately £100 million of gross proceeds from the Offer.

The selling shareholders comprise SM Trust, Index Ventures, Vitruvian Partners, Redpoint Ventures and Greylock Partners along with certain members of senior management, employees, ex-employees and early investors.

The IPO of JUST EAT is the 52nd completed transaction since Oakley was established in 2007.

Christian Maher, joint Managing Partner at Oakley Capital Corporate Finance said:

“We are delighted to have assisted in the successful IPO of JUST EAT. We helped to prepare the business for flotation, developing the equity story and working with the Joint Global Coordinators in marketing the IPO to institutions. We believe our market knowledge, sector understanding and equity capital markets expertise puts us in a strong position as other companies seek potentialIPOs this year and next .”

Important notice

This announcement is a matter of record only and is not an offer of securities in any jurisdiction.

*Based on average search volume according to Google keyword research tool.

For more information, please contact:

Christian Maher, Managing Partner

+44 20 7766 6900

Oksana Stowe, Assistant Director

+44 20 7766 6900

Victoria Boxall, Associate

+44 20 7766 6900

*Completed by Oakley Capital Corporate Finance

 

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