Private equity firm Carlyle Group acquires 42% stake in Saudi Arabia's Alamar Foods, the master franchise operator for Domino's Pizza and Wendy's restaurants in Middle East, North Africa
Nevin Barich
LOS ANGELES
,
December 14, 2011
(Industry Intelligence)
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Private equity firm Carlyle Group has acquired a 42% stake in Saudi Arabia's Alamar Foods, the master franchise operator for Domino's Pizza and Wendy's restaurants in the Middle East and North Africa, Reuters reported Dec. 14.
According to a statement issued by Carlyle, the private equity firm bought the stake from the Al Jammaz Group for an undisclosed amount. Last month, sources told Reuters that Carlyle was acquiring a 42% stake in Al Jammaz's food company.
Alamar also has a food processor called Premier, which supplies fast food outlets.
The primary source of this article is Reuters, London, England, on Dec. 14, 2011.
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