The international law firm Milbank, Tweed, Hadley & McCloy LLP advised founders and investors of Quandoo, a Berlin-based start-up founded in 2012, on the sale of their shares in the company.
Quandoo was acquired by Japan’s Recruit Holdings for approximately 198.6 million euros in cash. Recruit initially invested in the restaurant booking platform last October, then acquiring an approx. 7% stake. With this most recent transaction, Quandoo’s founders and investors sold the remainder of their shares in the company.
Quandoo employs around 280 people. According to the company, it is currently partnered with 6,000 restaurants, located in 45 cities, in 13 countries, on three continents.
A Milbank team headed by Dr. Norbert Rieger comprehensively advised the sellers on corporate and tax law in relation to the transaction.
Advisor to founders and investors: Milbank, Tweed Hadley & McCloy LLP
Norbert Rieger (Corporate M&A, Munich), Andrea Eggenstein (Corporate/M&A, Frankfurt, joint lead), Matthias Schell (Tax, Munich), Alexander Rinne (Antitrust, Munich), Leopold Riedl (Corporate/M&A, Frankfurt), Sebastian Heim (Corporate M&A, Munich), Florian Holzner (Tax, Munich), Thomas Tiedemann (Corporate/M&A, Frankfurt), Tatjana Mühlbach (Antitrust, Munich)
About Milbank
Milbank, Tweed, Hadley & McCloy LLP is a leading international law firm founded in 1866 in New York City. Today Milbank has offices in Beijing, Frankfurt, Hong Kong, London, Los Angeles, Munich, New York, São Paulo, Seoul, Singapore, Tokyo and Washington, DC and is present in all major financial and economic centers of the world. Milbank focuses its worldwide legal services in the areas of finance, transactions and litigation.
The first European office was opened in 1979 in London, followed by Frankfurt in 2001 and Munich in 2004. Due to the close cooperation of the German offices with the finance, corporate, cartel and tax lawyers practicing in other Milbank offices, in particular London and New York, Milbank Germany is in a position to provide fully integrated legal advice on the highest level in all these core areas pursuant to German, English and US law.
