Clifford Chance has used its expertise as a German start-up giant acquires a Sydney-based business for an undisclosed sum.
The firm advised the shareholders of online corporate catering business Order-In on its sale to organisations controlled by Rocket Internet.
Frankfurt-listed Rocket Internet is a global venture-capital firm with interests in start-ups including Delivery Hero, Hello Fresh, and the Global Online Takeaway Group. Order-In, which was launched in 2000, manages hospitality services for more than 2,000 customers, including CommBank, QBE, and Lendlease.
With the deal, Clifford Chance has continued its work in the space. In 2015, it acted for the shareholders of the Menulog Group, which was formed by the merger of Menulog and EatNow, on the company’s $855m sale to UK-based Just Eat.
“After Menulog, it is clear that there is a real opportunity in the growing food-tech market in Australia, an area in which we'll continue to demonstrate our expertise,” said partner Lance Sacks.
Sacks led the Clifford Chance team on the deal. He was supported by counsel Amelia Horvath.
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