Simmons & Simmons has advised J.P. Morgan Securities plc (“J.P. Morgan Cazenove”) and Goldman Sachs International as joint bookrunners and J.P. Morgan Limited as sponsor on a Placing and Open Offer to raise £448m by JUST EAT plc (“JUST EAT”).

JUST EAT, the world's leading online and mobile marketplace for takeaway food, announced on 21 May 2015 a Placing and Open Offer to raise approximately £450m through the issue of 105,397,759 new ordinary shares.

JUST EAT also announced earlier on 08 May 2015 that the net proceeds of the Placing and Open Offer will be used to fund the AUD$855m (£445m) acquisition of Menulog Group Limited (“Menulog”) which completed this week, on 15 June. Menulog is the market leader in the Australian and New Zealand online takeaway marketplace. It has a selection of more than 5,500 unique restaurants and 1.4m active consumers.

The Simmons & Simmons team was led by corporate partner Chris Horton and US securities laws partner Charles Hawes and included corporate associates Edward Nisbet and Matthias von Holten and US securities laws associate Jim McInerney. Partner Nick Cronkshaw and associate Hatice Ismail are providing specialist tax advice.