OrderYOYO A/S (“OrderYOYO”) has accepted an offer from Pollen Street Capital Limited (“Pollen Street Capital”) to acquire all outstanding shares at DKK 9.50 per share.
The sale has already been approved by a group of OrderYOYO owners who together own 91.13% of the company’s shares. With more than 90% of the shares in place, Pollen Street Capital has the option to automatically acquire the remaining 8.83% of the shares through a compulsory redemption. Pollen Street Capital expects to initiate a delisting of OrderYOYO on Nasdaq First North Growth Market Denmark as soon as possible after the completion of the transaction.
With the sale and the new partnership with Pollen Street Capital, OrderYOYO will be able to launch a new growth strategy, which is the next phase in the company’s already impressive development. In just a few years, OrderYOYO has developed into a leading European provider of online ordering, payment and marketing software solutions. The company’s solution is offered as Software-as-a-Service (SaaS) and helps takeaway restaurants take online orders through customised, private label software solutions.
Pollen Street is a purpose-led alternative asset manager that has built deep capability across technology, business and financial services, aligned with mega-trends shaping the future of the industry. Pollen Street operates globally and employs more than 80 professionals in their offices in London and Austin, Texas.
Accura advised OrderYOYO in connection with the transaction.