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Just Eat plc
Oakley advises Just Eat on its acquisition of Flyt
Sector:
Online
Transaction Type:
Acquisition
Date:
January 2019
Deal Value:
Undisclosed

Oakley Advisory Limited (“Oakley”), the independent corporate finance firm offering specialist advice across the TMT sector, is pleased to have advised Just Eat plc on its acquisition of Flyt Limited.

Flyt is a leading software platform that helps restaurant groups and restaurant suppliers globally to install point of sale (“POS”) integrated services that improve their customers’ experience and their own operational efficiency. Flyt’s technology removes the need for manual restaurant processes, reduces driver hold times in restaurants and eliminates the need for many customer-care contacts and costs.

Founded in 2013, Flyt has been a pioneer in game-changing technology for the hospitality industry. Flyt works with over 3,000 quick service and branded restaurants, including some of the UK and world’s largest brands such as KFC, Tim Hortons, Mitchells and Butlers, Pizza Express and Nando’s.

Just Eat is a current customer of Flyt and became a minority shareholder in the company in 2016 with an 8% stake. The acquisition enables Just Eat to further invest in Flyt’s technology and offer Flyt’s services to more of its restaurant partners globally. Just Eat customers will benefit from the growth in choice that this enables and an even smoother ordering experience. It will help deliver Just Eat’s ambition to work with a much wider range of Quick Service Restaurants and Branded Retail Groups both in the UK and globally.

The Oakley team was led by Christian Maher, Managing Partner and included Christian Craggs, Managing Director, Marc Jones, Director, and Max Gilbert, Associate.

Christian Maher commented:

We are delighted to have supported Just Eat on this transaction. Flyt’s leading technology will help Just Eat further deepen its partnerships with leading restaurant groups, in turn enriching the choice and service levels it delivers to end customers. Oakley has enjoyed a long relationship with Just Eat, including assisting with its successful IPO in April 2014, and the acquisition of SkipTheDishes in December 2016.

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