Lewis Silkin has advised leading provider of self-service commerce technology to the foodservice industry – 365 Retail Markets LLC, based in Michigan (USA), on its acquisition of Kafoodle, a UK based food technology company that specialises in menu and kitchen management, nutritional data, and allergy compliance.
Founded in 2008, 365 Retail Markets provides a full suite of best-in-class self-service technologies for food service operators. Today, the company's technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, and more, in order to provide compelling food service options for consumers. 365's technology solutions include a growing suite of frictionless smart-stores, micro markets, vending, catering and dining point-of-sale options to meet the expanding needs of its customers.
Kafoodle's unique software simplifies recipe and menu management, nutritional data tracking and allergen regulation compliance for food service operators (FSO). The acquisition will empower 365 customers to easily create menus that cater to the needs of specific demographics, such as those with dietary restrictions or allergies. The transaction will allow customers of both companies to expect to see new and enhanced solutions in the near future.
The Lewis Silkin team was led by Corporate Partner - Geraint Tilsley with Corporate support from Senior Associate - Elizabeth Cotton and Associate - Stacy Treharne, Tax Senior Associate - Emma McGrory, Commercial Partner - Nick Allan and Employment Associate - James Stables.
Commenting on the deal, Lewis Silkin's Geraint Tilsley said:
We were excited to work once more with 365 Retail Markets after the acquisition of Spoonfed in 2021, and to see the exciting new Kafoodle products become part of the 365 product line up. It's another great example of Lewis Silkin's expertise in advertising US clients on UK inbound M&A deals, especially in the IT and tech sectors.