Raue LLP advises the Sixt family on the sale of Quandoo GmbH to the listed Japanese Recruit Holdings Co., Ltd. Raue LLP had been counsel to the Sixt family since its initial investment into Quandoo in 2013 and in subsequent financing rounds.
Quandoo GmbH operates a German restaurant booking platform. From its headquarters in Berlin the company operates in 13 countries. Recruit Holdings Co. is a publicly traded corporate venture capital company from Japan. Sellers of Quandoo GmbH are the founders and other investors, including the Sixt family and Piton Capital, Holtzbrinck Ventures, and DN Capital. The purchase price was approximately € 198 million.