Ogier London advises Domino’s Pizza on the acquisition of a stake in Intergrowth Enterprises…

Ogier London has advised Domino's Pizza UK & IRL plc, the leading pizza delivery company in the UK and the Republic of Ireland, on the BVI aspects of its acquisition of a 75 per cent stake in Intergrowth Enterprises Limited ("Domino's Germany"). The remaining 25 per cent will be retained by the vendor Briskas Ltd, an affiliate of the Grand City Hotels Group, the second largest hotel operator in Germany.

Under the terms of the transaction, Briskas Ltd accepted consideration shares in Domino's Pizza UK & IRL plc and these will be admitted to trading by the London Stock Exchange. A further tranche of consideration shares will be issued upon the opening of the 35th Domino's store in Germany.

Simon Dinning, Managing Partner of Ogier's London office, said: "We were delighted to be instructed to act for Domino's which is a FTSE 250 company. The deal was very significant for them and had a clear and positive impact on their share price. From our perspective it was interesting to see another significant piece of European M&A in the current market. We were able to blend our BVI expertise with our familiarity with the onshore transaction requirements to ensure the deal with delivered in a very short time frame."

Ogier is the only offshore firm offering legal and fiduciary services that has a substantive presence in the four leading offshore centres - BVI, Cayman, Guernsey and Jersey.