Fenwick is representing Wonder Group, a vertically-integrated delivery-first restaurant platform featuring some of the world’s best chefs, in its pending $103 million acquisition of Blue Apron (Nasdaq: APRN), a leader in the meal kit industry. Under the terms of the agreement, Blue Apron shareholders will receive $13.00 in cash per share of Blue Apron Class A common stock through a tender offer.
Wonder’s acquisition of Blue Apron will create the leading platform for high-quality meal kits, with enhanced meal options and convenience for customers. The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions and the tender of a majority of the outstanding shares of Blue Apron Class A common stock. More information can be obtained from the news announcement.
The Fenwick transaction team included corporate partners Kris Withrow, Patrick Grilli and David Michaels and associates Chris Gorman, Rob O’Connor, Frances Fuqua, Atrina Mehdipour, Sedina Alicic-Huang and Jillian Victor; technology transactions partner Ralph Pais and associates Julia Arruda Rosenthal, Mudasar Khan, Ellis Liang and Phillip Yin; executive compensation and employee benefits partner Marshall Mort and associate Jennifer Lin and Jonathan Stephenson; and tax partner William Skinner and associate Alexis Maguina.