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Thomson Geer advises on Domino’s Asia expansion

August 25, 2022

Thomson Geer has advised Domino’s Pizza Enterprises on the acquisition of Domino’s Pizza in Malaysia, Singapore and Cambodia as it further cements its presence in Asia.

The purchase is the single largest acquisition of stores by the company for an upfront cost of MYR660 million (A$214 million) with an earn-out of up to MYR440 million (A$142 million).  Completion will occur later in the year following regulatory approvals.

Once completed, the company’s serviceable market in the APAC regions will be 30% larger at 234 million people and the company will operate in 13 markets around the world. The company is the largest Domino’s Pizza master franchisee outside the US.

Thomson Geer acted as lead counsel including advising and negotiating sale documentation and coordinating legal due diligence in each jurisdiction.

The Thomson Geer team was led by Partner Eugene Fung who said: “We congratulate Domino’s on their latest acquisition and look forward to it applying its proven strategies in these newest markets to accelerate performance.”

Eugene was supported by Senior Associate Siew Mei Fagan.

Thomson Geer has advised Domino’s on its global acquisitions for 11 years including acquisitions in Japan, Taiwan, France, Germany and Denmark.

Thomson Geer was supported by local law firms from the Eversheds Asia-Pacific Alliance – Mah-Kamariya & Phillip Koh in Malaysia, GT Law in Singapore and DFDL in Cambodia.  Aperture Capital acted as financial advisor to the company.

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