Domino's Pizza Enterprises Limited completed the acquisition of Dominos Pizza Business In Malaysia, Singapore And Cambodia from Impress Foods Pte Ltd, Mikenwill (M) Sdn Bhd and Dato Ting Yew Tong.
May 01, 2023
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Domino's Pizza Enterprises Limited (ASX:DMP) agreed to acquire Dominos Pizza Business In Malaysia, Singapore And Cambodia from Impress Foods Pte Ltd, Mikenwill (M) Sdn Bhd and Dato' Ting Yew Tong for MYR 1.1 billion on August 24, 2022. Transaction to be funded through cash and debt facilities. Under current ownership, the regions delivered Network Sales of approximately MYR551million and normalised earnings before interest, tax, depreciation and amortisation (pre IFRS-16) of MYR65 million in the year to 30 June 2022. The acquisition is scheduled for completion at the end of the first half of FY23, subject to the satisfaction of conditions precedent and local regulatory approvals. DPE was advised by Aperture Capital Partners and Thomson Geer , with assistance from EY, MahKamariyah & Philip Koh, GT Law and DFDL. Eugene Fung of Thomson Geer acted as legal advisor to Domino's Pizza Enterprises Limited. Ernst & Young Australia provided financial due diligence to Domino's Pizza Enterprises Limited. The acquisition of Malaysia and Singapore is expected to be completed in November, with Cambodia to complete in CY2023. As of November 30, 2022, Domino's Pizza Enterprises (ASX.DMP) has completed the acquisition of Domino's Malaysia (Dommal Food Services Sdn. Bhd) and Domino's Singapore (Domino's Pizza Singapore Pte. Ltd). The acquisition of Domino's Cambodia (D. Pizza Plc) is, subject to regulatory approvals, expected to complete in the first quarter of 2023.
Domino's Pizza Enterprises Limited (ASX:DMP) completed the acquisition of Dominos Pizza Business In Malaysia, Singapore And Cambodia from Impress Foods Pte Ltd, Mikenwill (M) Sdn Bhd and Dato' Ting Yew Tong on May 2, 2023.
Domino's Pizza Enterprises Limited is an Australia-based company, which is engaged in the operation of retail food outlets and the operation of franchise services. The Company operates through three segments: Australia/New Zealand (ANZ), Europe and Asia. The Company's menu consists of Domino's Pizzas, including Premium Pizzas, Traditional Pizzas, Value Max Range, Value Range, Value Range Pizzas, Vegan Range, Make Your Own, Meltzz, Loaded fries, Pizza Pasta, Sides, Chicken, drinks, and Desserts. Its Sides include Savoury Sides and Chicken Sides. Its Loaded Fries include BBQ Meatlovers Loaded Fries, Firebreather Loaded Fries, Bacon & Cheese Loaded Fries, And Cheesy Loaded Fries. Its Pizza Pasta include Smokehouse Pork Belly Pasta, The Lot Pasta, Buffalo Chicken & Bacon Pasta, Simply Mac & Cheese Pasta, Simply Bacon Mac & Cheese Pasta. The Company Drinks include Malted Vanilla Thickshake, Chocolate Malt Thickshake, and Chocolate Malt Thickshake With Cream.
Domino's Pizza Enterprises Limited completed the acquisition of Dominos Pizza Business In Malaysia, Singapore And Cambodia from Impress Foods Pte Ltd, Mikenwill (M) Sdn Bhd and Dato’ Ting Yew Tong.