Just Eat's US wing attracts interest from private equity firms

10th Jun 2022 07:50

(Sharecast News) - Food delivery giant Just Eat's US wing has attracted preliminary interest from private equity firms, including Apollo Global Management.

According to Bloomberg, New York-based Apollo was said to be among possible suitors evaluating Just Eat's Grubhub unit.

However, Bloomberg's sources stated that Just Eat was unlikely to get a price anywhere near the $7.3bn it paid for Grubhub in 2021, with some suitors said to be considering offers closer to $1.0bn.

Although the report stated a number of potential buyers were said to be studying Grubhub, it also highlighted that it was unclear which ones would opt to move ahead with formal offers.

Reporting by Iain Gilbert at Sharecast.com