Bain Capital to acquire Domino's Pizza franchise business in Japan
25 Jan 2010
US private equity firm Bain Capital today said that it would acquire the franchisee operations of Domino's Pizza in Japan from Higa Industries Co.
Boston-based Bain Capital, which has approximately $65 billion in assets under management said in a statement that it would buy Domino's Pizza master frnchisee Higa Industries Co from Duskin Co, Daiwa SMBC Capital and Ernest Higa, the founder of Higa Industries for an undisclosed sum.
Duskin Co said today that it is selling its entire stake of 44 per cent in Higa Industries for about 2.6 billion yen, which would value the entire company at approximately 6 billion yen.
Tokyo-based Higa Industries Co founded in 1964, launched Domino Pizza in Japan in 1985, the first pizza delivery business in the country and now operates 179 franchised Domino's Pizza outlets in Japan.
Bain had acquired a stake in Domino's Pizza in 1998 and although the fast food operator went public in 2004, Bain continues to hold a minority stake and is a major single shareholder in the company.
.webp)
