King & Wood Mallesons

Asia-Pacific 100 position: 3

King & Wood Mallesons acts on Domino's Pizza expansion into Japanese market

King & Wood Mallesons has advised Morgan Stanley (underwriters) on an A$156m accelerated renounceable entitlement offer that will be used to partially fund Domino’s Pizza Enterprises’ (DPE) acquisition of a 75 per cent interest in Domino’s Pizza Japan (DPJ).

DPE will enter into a strategic partnership with Bain Capital, which will retain a 25 per cent interest in DPJ for a minimum of three years.

Under the deal, DPE negotiated new debt facilities with a five-year term from relationship banks in Australia to enable DPE to on-lend approximately A$101m of debt to DPJ. The facilities provided are denominated in Australian dollars (which will be swapped into Japanese yen) and Japanese yen.

The King & Wood Mallesons team was led by corporate M&A partner David Eliakim, who was supported by solicitor Hoda Nahlous.

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Level 61, Governor Phillip Tower
1 Farrer Place
Sydney
NSW 2000
Australia
http://www.kwm.com

Jurisdiction: PRC/Australia
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