The Aurum Perspective – Jubilation and domino effect causing Everstone to take large bites in the restaurant retail business in the Asian region.
India and South East Asia focused PE investor @Everstone has acquired a controlling 51% stake in Indonesian franchise of Dominos Pizza, PT Dom Pizza Indonesia for $20 Mn. The fund will be used to expand its existing operations of 60 branded pizza outlets in six Indonesian cities, including Jakarta and Bali.
The PE firm would make the investment through its specialized arm F&B Asia Ventures which maintains a portfolio of food & beverage brands across India and South Asia.
Mitra Adiperkasa, the largest retailer in Indonesia with over 1800 stores in 59 cities, owns departmental stores, food and beverage chains and has a unique franchise portfolio of various global lifestyle brands like Zara, Marks & Spencer among others. It will continue to own the residual 49% in the JV.
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