23 February 2018
Clifford Chance advises on the sale of corporate caterer Order-In to tech investor Rocket Internet
Sydney: Leading international law firm Clifford Chance has advised the shareholders of Australian corporate catering service provider Order-In on its sale to buyers controlled by global venture capital entity Rocket Internet.
Rocket Internet, listed on the Frankfurt Stock Exchange, invests in proven internet companies, such as Delivery Hero, Hello Fresh and the Global Online Takeaway Group. Order-In was launched in 2000 and manages hospitality services for more than 2000 customers, including Commonwealth Bank, QBE and Lendlease.
The transaction follows the 2015 merger of Menulog and EatNow, and subject AU$855 million sale to the UK's leading food delivery company Just Eat; a deal on which Clifford Chance also acted.
Partner Lance Sacks led the matter, supported by counsel Amelia Horvath.
Lance offers, "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."
The firm has a solid track record in advising on high profile consumer goods and retail transactions including Shanghai Ground Food Tech on its purchase of Australian dairy group Brownes, and Mondelēz International, Inc.'s sale of most of its grocery and cheese business in Australia and New Zealand, including the iconic vegemite brand to Bega Cheese Limited for AU$460 million.