According to Dow Jones and the Nikkei reports, Australia's Domino's Pizza also agreed to provide JPY 9 billion worth of debt, giving the Japanese business an enterprise value of 25 billion yen. Brisbane-based Domino's owns the franchise rights for the Domino's brand in Australia, New Zealand, France, Belgium and the Netherlands, which account for about 10% of the global franchise.
Bain Capital would retain 25% of the Japanese Domino's company.
Bain bought 100% of Domino from Higa Industries and Duskin Co., Ltd. for JPY 6 billion in 2010.
With a modest leverage, Domino's Japan joins the league of high multiple exits in Japan buyouts in the recent past.
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