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
December 14, 2011
– 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.