Noerr advises HelloFresh on acquisition of its Canadian competitor, Chefs Plate

Noerr has once again provided advice and support to the world’s leading meal kit company, HelloFresh, on a strategic acquisition on the North American market: its competitor and Canada’s third-largest meal kit company, Chefs Plate.

HelloFresh entered into an agreement with the shareholders of Chefs Plate to acquire all shares in the company. Both companies will operate under the umbrella of HelloFresh in the future. The acquisition positions HelloFresh as the unrivalled market leader in Canada with target revenue of CAD 200 million for 2019. The closing of the transaction is subject to conditions precedent and is currently expected to occur within the next few weeks.

In March, Noerr advised HelloFresh on the acquisition of its US competitor, Green Chef Corporation. HelloFresh often turns to Noerr for advice, including recent advice on its successful IPO from a team led by Christian Pleister as corporate counsel.

Advisors to HelloFresh SE: Noerr LLP

Dr Laurenz Wieneke (lead), Dr Julian Schulze De la Cruz, Dominique Stütz, Dr Dirk Buken (all Capital Markets, Frankfurt), Dr Fabian Badtke (Antitrust, Frankfurt)

Lawyers for HelloFresh under Canadian law: Stikeman Elliott LLP

In-house counsel: Dr Christian Ries (general counsel), Michael Sturm (deputy general counsel), Patrizio Caruso (head of Commercial Legal), Janine Telke (legal counsel)