Bird & Bird were the adviser to Just-Eat in its first institutional financing round for £10.5 million, led by Index Ventures with Venrex Investment Management and existing shareholders also participating. Just-Eat, a leading European site for ordering online meals, will use the capital to consolidate its position in the UK and expand into additional European locations. The Bird & Bird team was led by UK corporate partner Chris Barrett and assisted by Matilda Walker and Caroline Friend.
Mike Wroe, Chief Financial Officer at Just-Eat, said: “Chris and his team at Bird & Bird had a real understanding of the needs of Just-Eat at this key stage in our development. Their support and advice throughout the fundraising process was both commercially appropriate to our business as well as technically first-class, I look forward to working with them again.”
Chris Barrett, partner in Bird & Bird’s Corporate Group, commented: “This was an important milestone for Just-Eat and we were pleased to assist in getting this funding completed. Just-Eat have a unique take on the online meal industry which has continued to progress well even in difficult markets. We look forward to supporting the company on its continuing growth and developments.”