The Carlyle Group recently acquired a 42% stake in Alamar Foods from the Al Jammaz family of Saudi Arabia for an undisclosed sum.
Equity for this investment has been provided by Carlyle MENA Partners, L.P.
Following the transaction, the Al Jammaz family has continued to hold a majority stake in Alamar, a master franchise operator of Domino’s pizza and Wendy’s hamburgers for the MENA region (except for Wendy’s in Saudi Arabia) with 185 restaurants across 11 countries, as well as a food processor supplying the quick service and casual dining restaurant industry selling under the “Premier” brand, which was established in 2001 in Saudi Arabia.
As stated by Walid Musallam, Carlyle Managing Director and Head of Carlyle MENA Partners, Carlyle is supporting Alamar’s strategy “…to invest in, and scale up, their Premier food business, while expanding Domino’s and Wendy’s footprint across the region“.
The company is led by Chairman Abdulaziz Al Jammaz.
FinSMEs
26/12/2011