Fried Frank Takes Slice on Domino's Sale of Norwegian Branch
The FTSE-250 company is selling its 71% interest in its Norwegian branch to existing shareholders.
February 17, 2020 at 04:35 AM
2 minute read
Domino's Pizza operates in a number of European markets, but is aiming to slim its operations.
Fried, Frank, Harris, Shriver & Jacobson is advising Domino's Pizza Group on the sale of its Norweigan business.
The fast-food delivery giant is selling its 71% interest in its Norwegian branch to its existing minority shareholder.
The The FTSE-250 group currently owns franchise rights for Domino's Pizza in the U.K., Ireland, Iceland, Liechtenstein, Switzerland, Norway, and Sweden, and has a joint venture in Germany.
The disposal of its Norwegian business comes as the company aims to exit other continental European markets including Sweden, Iceland and Switzerland, which Fried Frank is also advising the company on, according to the firm.
Fried Frank fielded a team led by London corporate partner Ian Lopez for the sale, the value of which has not been disclosed.
The U.S. headquartered-firm has picked up several European mandates recently. Last year, it advised European private equity giant Permira on its seventh fundraising, which closed at €11 billion.
That team included London corporate partner Sam Wilson, Gregg Beechey and Mark Mifsud.
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