Twitter LinkedIn
    Sunday, October 1
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers & Acquisitions»Jubilant to get a slice of Domino’s Eurasia from Turkish PE Fund
    Mergers & Acquisitions

    Jubilant to get a slice of Domino’s Eurasia from Turkish PE Fund

    February 23, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Jubilant Foodworks Ltd, which runs the Indian unit of Domino’s Pizza, will acquire a company that owns a significant stake in the entity that operates the pizza chain in several Eurasian countries

    The Noida-based firm, through Jubilant Foodworks Netherlands BV, will buy Fides Food Systems Coöperatief UA from Turkish Private Equity Fund II LP.

    Fides, in turn, holds a 32.81% stake in DP Eurasia NV, which is listed on the London Stock Exchange and acts as the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Georgia and Azerbaijan.

    The Fides acquisition will take place for a consideration of £24.8 million (about $34.7 million or Rs 251 crore), Jubilant said in a filing with stock exchanges.

    Jubilant says it expects the acquisition to be completed within 20 business days. In a statement, it said the move will help it to indirectly hold the minority stake in DP Eurasia.

    Read more

    Source: Vccircle

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Capital deals and transactions Mergers and acquisitions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal – Copy

    March 19, 2023

    UBS Agrees to Buy Credit Suisse for $3 Billion in Historic Deal

    March 19, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Clayton, Dubilier & Rice to Acquire Wolseley UK

    January 6, 2021

    Investors rush into private markets in search of returns

    November 29, 2021

    Musk’s $44B Twitter deal is an M&A arb dream — or nightmare

    June 14, 2022

    Avalara investor seeks to block Vista Equity takeover

    September 9, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?