Arent Fox Counsels Domino’s Pizza Group in the Acquisition of Interest in Nordic Franchises
Washington, DC - Arent Fox LLP announced today that it advised Domino’s Pizza Group plc in the acquisition of a significant minority interest in the master franchises that operate the international pizza brand in Iceland, Norway and Sweden. Domino’s Pizza Group is the master franchisee of Domino’s Pizza in the UK, Northern Ireland and Switzerland, as well a joint venture partner in Germany.
Partner Jay L. Halpern and associate Amal U. Dave advised Domino’s Pizza Group on the £24 million transaction that will give the UK-based pizza company a 49 percent ownership in Iceland and an effective interest of 45 percent in the Norwegian and Swedish businesses. The agreement allows for the company to buy the remaining shares between 2020 and 2023.
Mr. Halpern is annually recognized among the best transaction attorneys in the US by Legal 500 and Super Lawyers. He has significant experience advising hospitality industry companies in mergers and acquisitions, joint ventures, equity financing, and mezzanine loans.
Recognized among the best Hospitality & Leisure practices in the country by Chambers USA, Arent Fox draws from a wide range of experienced attorneys to provide support in all aspects of the development, acquisition, disposition, financing, franchising, leasing, and protection of hospitality assets, whether in the United States or abroad. Our cross-disciplinary team routinely advises some of the most active and sophisticated developers, owners, REITs, franchisors, franchisees, and operators of lodging and leisure properties in the world.