Spearing Waite’s corporate and real estate teams have acted for Domino’s Pizza on its £24 million acquisition of a 75% stake in its largest London franchisee with 25 stores.
Domino’s will be working in partnership with the franchisee which will enable DPG to take advantage of the significant growth opportunity in the London area. The venture, first announced in August last year, gives Domino’s a platform for accelerated growth in the most important market in the UK and Domino’s expect to increase the store portfolio from 25 to around 40 over the medium term.
Spearing Waite’s team was led by Corporate Partner, Oliver Brookshaw, and included solicitors James Sparks and Matt Bolton. The Real Estate side of the transaction was dealt with by Partner, Erin Vickers.
“It was a pleasure to act for Domino’s Pizza and to be involved in the start of a new partnership between them and a key franchisee. We very much look forward to working with Domino’s in the future as it continues with its UK growth plan”.