<article>Private equity firm Bain Capital is exiting Domino’s Pizza Japan by exercising its put option, according to a Reuters <a style="color: #000080;" href="http://in.reuters.com/article/brief-dominos-pizza-enterprises-receives-idINFWN1IR0NL">report</a>.</article>

Private equity firm Bain Capital is exiting Domino’s Pizza Japan by exercising its put option, according to a Reuters <a style="color: #000080;" href="http://in.reuters.com/article/brief-dominos-pizza-enterprises-receives-idINFWN1IR0NL">report</a>.
Bain Capital Domino Hong Kong Limited, an entity advised by Bain Capital and its affiliates, holds a 25 per cent stake in Domino’s Pizza Japan (DPJ), a joint venture with Domino’s Pizza Enterprises (DMP). Bain expects to complete the exit by August 28 this year.
DMP is Domino’s largest franchisee outside of the USA. It holds the master franchise rights to the Domino’s brand and network in Australia, New Zealand, Belgium, France, The Netherlands, Japan and Germany. It operates more than 2,000 stores in these markets.
In 2013, DMP acquired a 75 per cent stake in DPJ &#8212; the Domino&#8217;s pizza master franchisee for Japan &#8212; for ¥12.0 billion ($124 million then) from owner Bain Capital. The terms of the acquisition included an exit mechanism.
Domino&#8217;s said it will fund the purchase of Bain’s 25 per cent stake using existing cash resources and bank facilities.
In February 2017, there were 472 Domino&#8217;s stores in Japan. The fast food chain plans to open 850 stores in the country by 2022.
A <a style="color: #000080;" href="http://www.smh.com.au/business/retail/dominos-to-take-full-control-of-japan-pizza-business-20170526-gwdrt5.html">report</a> in The Sydney Morning Herald report quoted DMP group CEO and managing director Don Meij as saying: &#8220;Japan is an impressive market inside our business. When we purchased the business, Domino&#8217;s was the third-largest pizza delivery chain, and in the past financial year we became the market leader in the country.&#8221;
Also Read: <a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/japan-bain-capital-private-equity-makes-partial-exit-of-skylark-68969/">Japan: Bain Capital Private Equity makes partial exit from Skylark for $315m</a>
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/japan-phoenix-capitals-fund-to-acquire-pizza-hut-japan-phoenix-foods-72394/">Phoenix Capital to acquire Pizza Hut Japan from KFC Holdings</a>

Private equity firm Bain Capital is exiting Domino’s Pizza Japan by exercising its put option. It holds a 25% stake in the Japanese firm.

Bain Capital to exit Domino's Pizza Japan

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Bain Capital to exit Domino's Pizza Japan

Start your deal-making journey now!

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief