Baker McKenzie advised Youfoodz Holdings Limited in connection with the proposed acquisition of it by leading meal-kit company HelloFresh SE by scheme of arrangement for a total consideration of approximately AUD 125 million.
The Baker McKenzie team was led by corporate partners Lance Sacks and Rick Troiano, and associates Kurt Fisher and Lewis Assness.
Baker McKenzie's partner, Lance Sacks, stated: "After assisting our client, Youfoodz Holdings Limited on its initial public offering and ASX listing late last year, we were delighted to act for it on this important transaction. The transaction will allow Youfoodz and HelloFresh to further develop and grow together in the ready-made meal sector in Australia."
Youfoodz Holdings Limited (ASX: YFZ) is listed on ASX and specialises in the production and distribution of high quality and affordable fresh, ready-made meals and other convenience food products for residential (home delivery), retail and corporate customers.
Greenhill & Co. is acting as financial advisor to Youfoodz in connection with the transaction.