Tengelmann-backed Emil Capital will exit meal kit service Chefs Plate in an acquisition by HelloFresh sized in the mid-eight figures.
Meal kit delivery service HelloFresh has agreed to acquire Canada-based competitor Chefs Plate, enabling Emil Capital, a corporate venturing vehicle for retail group Tengelmann, to exit.
The deal will involve a combination of cash and shares and values Chefs Plate at “a middle double-digit million Canadian dollar amount,” according to a stock exchange filing cited by Just-Food (C$50m = $38m).
Founded in 2014, Chefs Plate runs a subscription service where users can get fresh food ingredients delivered to their door…
