Silicon Canals
TRENDING
  • Mobility
  • AI
  • FinTech
  • Software & SaaS
No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdampartner
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact
No Result
View All Result
Silicon Canals
No Result
View All Result

Netherlands-based Fides Food to be acquired by Indian foodservice company Jubilant Foodworks Limited for €28.7M

Editorial team by Editorial team
February 23, 2021
in News, Scaleups
0
Jubilant FoodWorks

Image credit: Jubilant FoodWorks

24
SHARES
LinkedInTwitterWhatsAppFacebook

Jubilant Foodworks Limited (JFL) is one of the largest foodservice company in India and operates Domino’s Pizza and Dunkin’ Donuts outlets in the country. The company has recently announced that it will fully acquire Fides Food Systems Coöperatief U.A., Netherlands (Fides) for an agreed investment of approximately £24.80M (approx €28.7M) through its wholly-owned subsidiary – Jubilant Foodworks Netherlands B.V.

Here’s what’s happening

“Fides is the beneficial owner of 32.81 per cent of equity shares of DP Eurasia N.V. (DP Eurasia). DP Eurasia is a public company listed with London Stock Exchange PLC and is the exclusive master franchisee of the Domino’s Pizza brand in Turkey, Russia, Azerbaijan and Georgia,” mentions the company in its BSE filing. Established in 1875, BSE (formerly known as Bombay Stock Exchange), is an Indian stock exchange. 

 - Partner content -
Cost of software - The Software house
The cost of building software
Marek Gajda, CTO of The Software House, shares his insights on building high-quality...Show More
Marek Gajda, CTO of The Software House, shares his insights on building high-quality software. Show Less
Read more

To this end, Jubilant Foodworks Netherlands B.V. and Jubilant Foodworks Limited – acting as a guarantor for the investment obligation of its wholly-owned subsidiary – has entered into a Purchase Agreement with Turkish Private Equity Fund II L.P., which is the sole member of Fides.

According to the filing, the indicative time period for completion of the acquisition is within 20 business days of execution of the purchase agreement to fully acquire Fides. The acquisition of Fides by Jubilant Foodworks Netherlands B.V. will enable Jubilant Foodworks Limited to indirectly hold 32.81 per cent shares in DP Eurasia, mentions JFL in the filing. 

About Jubilant Foodworks Ltd

The Noida, India-based firm Jubilant Foodworks Limited is part of Jubilant Bhartia Group and claims to be India’s largest foodservice company. Its Domino’s Pizza franchise extends across a network of 1,314 restaurants in 285 cities (as of December 31, 2020). 

The Company has the exclusive rights to develop and operate Domino’s Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. At present, it operates in India, and through its subsidiary companies’ in Sri Lanka and Bangladesh. 

In addition, the company also enjoys exclusive rights to develop and operate Dunkin’ Donuts restaurants in India. Currently, it has operations in 27 restaurants across 8 cities in India (as of December 31, 2020). 

Shares overview

Reportedly, shares of DP Eurasia on Friday closed trading on the London Stock Exchange up 11.11 per cent at £70 apiece (approx €81).

As for JFL, it was trading at 4.08 per cent up at about $42.38 (approx €34.86) during Monday mid-morning. It reported consolidated net sales of about $541M (approx €445M) for FY20, with a post-tax profit of about $38M (approx €31.2) for the same period.

close

Want to stay on top of the latest rounds, coolest tech and hottest startups?

Subscribe to our free, daily news blast and stay up-to-date!

Check your inbox or spam folder to confirm your subscription.

 - Partner content -
Nebula CTO Andre Witte
Cloud spend management 😱
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the...Show More
Tracking cloud spend can be tricky. Learn from Nebula's CTO Andre Witte how to keep the costs at bay in 2021. Show Less
Read more
Tags: acquisitionDutch Startupsfeaturednews
Share2Tweet6SendShare10

Featured events

07apr10:0012:30FeaturedWorkshop: pr for startupsHow to grow your startup with the help of public relations

Partner content | Work with us

Future Hamburg Award: Looking for the best startups to forge the city of the future

The Humblebrag launches online course to help emerging leaders amplify their visibility and voice

Blue Tulip Awards announce 5 finalists in the Food & Water and Education & Employment theme

Impact media foundation 5 Media offers grants up to €100,000 per year to drive a sustainable future

Here’s how cryptocurrency will take over the world

Breaking news from Amsterdam | Partner

Amsterdam’s Crisp raises €30M: Here’s what this online-only supermarket plans to do with this capital

Amsterdam-based Tellow’s parent company raises €60.2M: An interview with Thomas Vles, Tellow’s new CEO

Amsterdam-based fast-charging startup Fastned charges itself with €150M through accelerated bookbuild offering

Amsterdam-based Founda Health raises €12.3M to build infrastructure for global healthcare sector; here’s how

  • About Silicon Canals
  • Partner with Silicon Canals
  • Contact us
  • Newsletter
  • Disclaimer
  • Privacy policy
  • Terms & Conditions Silicon Canals

Silicon Canals 2014-2020 | Website: Bright Idiots

No Result
View All Result
  • Home
  • News
    • COVID-19
    • Startups
    • Scaleups
    • FinTech
    • AI and chatbots
    • Travel & Mobility
    • Software & SaaS
    • Health & Medtech
    • (Crowd)funding
    • Blockchain
    • Internet of things
    • Hardware
    • Accelerators
    • E-commerce
    • Cybersecurity
    • Gaming & Virtual Reality
    • Drones
  • Features
    • Promoted content
    • How-to
    • Knowledge & Insights
    • Guest Contributions
    • Scaling-up in Europe
  • Amsterdam
  • Events
  • Newsletter
  • Jobs
  • About
    • Partner with Silicon Canals
    • Team
    • Contact

Silicon Canals 2014-2020 | Website: Bright Idiots

X

This website uses cookies to ensure the best possible experience. We may share this information with our advertising and analytics partners. By clicking 'Accept', you agree to our use of cookies and similar technologies. More info