Thomson Geer advised Domino's Pizza Enterprises Ltd (DPE) on its acquisition of PizzaVest Company Limited, a Taiwan's-based pizza chain from Formosa International Hotels Corporation, for A$79m.
The deal results of an expansion of DPE's portfolio into a 10th market. DPE intends to expand the acquired business with a long term aspiration of 400+ store footprint and growing average weekly unit sales. As a result of the acquisition, DPE is revising its future store count outlook in Asia from 1500 stores to 1900 stores by 2030-2032.
The Thomson Geer team included partner Eugene Fung and senior associate Siew Mei Fagan.