Global law firm Norton Rose Fulbright has advised London-listed Domino’s Pizza Group (DPG) on the establishment of a strategic joint venture (German JV) with Australian company Domino’s Pizza Enterprises (DPE).
The deal involved the German JV acquiring (i) Joey’s Pizza, Germany’s largest pizza chain for up to €79 million; (ii) the master franchise rights for the Domino’s brand in Germany from DPG; and (iii) up to 15 existing DPG stores in Germany. In addition, DPG will receive a fee of up to €25 million from DPE for giving German JV market access rights to Germany.
DPG is a FTSE 250 corporate with a market cap of £1.6 billion. DPG owns the Domino’s franchise rights in the UK, Ireland, Switzerland and Germany. DPE is an Australian listed company which owns the Domino’s franchise rights in Australia, France, Belgium, Netherlands and Japan.
The German law advice of this cross-border transaction was provided by partner Andreas Börner and of counsel Heiko Bertelmann (both corporate / M&A), partner Katrin Scheicht, of counsel Anja Lingscheid (both employment), partner Maren Stölting, associate Stefanie Mösges (both real estate), partner Uwe Eppler and senior associate Alexander von Reuss (both tax) as well as associate Nikolas Smirra (commercial / litigation).
The transaction was led from London by corporate relationship partner Ian Lopez. Ian was assisted by James Baillieu, Alexander Green, Anna Budgett and Julie Keefe. The Norton Rose Fulbright team also included Andrew Roycroft (tax) and Catrina Smith (employment).
For further information please contact:
Katrin Gneiting, PR & Communications Executive Germany
Tel: +49 89 212148 533; Mob: +49 172 76 975 62
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