HelloFresh SE (via Cook E Services Australia) → Youfoodz Holdings Limited
completedHelloFresh agreed to acquire ASX-listed ready-to-eat meal company Youfoodz via a scheme of arrangement, initially valued around A$93m at announcement and finalised at approximately A$125 million (A$0.93/share for 134.4m shares). Shareholders approved the scheme 8 October 2021, with Federal Court approval following 13 October 2021.
HelloFresh wanted to expand its Australian meal-kit/ready-to-eat presence via an established local manufacturer and distribution network.
Youfoodz's board unanimously recommended the scheme as in shareholders' best interests.
Not specifically detailed beyond the deal premium itself.
Deal mechanics
Scheme of arrangement, all-cash, funded from HelloFresh's existing cash reserves
Federal Court of Australia approved the scheme 13 October 2021