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).