HelloFresh Acquires Factor75 (Factor)

November 23, 2020

HelloFresh (via its US subsidiaries) agreed to acquire all outstanding equity interests of Factor75, Inc. (Factor), a Batavia, Illinois-based ready-to-eat meal delivery company, for up to $277 million (approximately $177M at closing plus up to $100M in performance-based earn-outs and incentives). The acquisition gives HelloFresh immediate scale in the US ready-to-eat market — Factor generated roughly $100M revenue in 2020 and brings production/fulfillment capacity, four facilities and a Chicago-area presence to HelloFresh's U.S. brand portfolio.

Buyers
HelloFresh SE (via US subsidiaries)
Targets
Factor75, Inc. (Factor)
Sellers
Factor shareholders (including investor backers Listen Ventures, Bluestein Ventures and Marcy Venture Partners)
Industry
Food & Beverage
Location
Illinois, United States
Transaction Type
Buyout

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