Analysts say '05 IPO likely for Domino's Pizza Australia

 
Feb. 3, 2005

Australia's Financial Review is reporting Brisbane-based Domino's Pizza Australia will likely go public this year.

Leadership at the 300-unit franchise arm of Domino's, Inc., is rumored to have recently hired Goldman Sachs JBWere to examine the possibilities of an offering. The rapid growth — both organic and via acquisition of competing brands — makes such a maneuver seem logical.

Four years ago, two of DPA's largest franchisees, Don Meij (now its chief executive officer) and Grant Bourke merged their franchised units and bought 23 percent of DPA. Under their guidance, Domino's has added more than 100 stores to the chain.

Last year, DPA acquired 16-unit Big Daddy's (Melbourne, Australia). This year it bought 35 Pizza Haven units in New Zealand, and many believe it will also buy Pizza Haven's Australian units this year. That chain is based in Adelaide, Australia. (Read also The Battle for Australia)

DPA's parent company went public last year. Its sister firm, Domino's Pizza UK & IRL, is also publicly traded.


Topics: Domino's Pizza


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