Domino’s Pizza Group (Domino’s) franchisee Glamorgan Retail Limited (‘Glamorgan’) has been sold to fellow Domino’s franchisee Topacio Holding Limited in a deal advised by PKF Smith Cooper.
Serving Lancashire and the Greater Manchester areas, Glamorgan Retail Limited operates 7 high performing Domino’s stores and has built a strong market presence in the North West region, with a reputation for delivering excellent sales performance and consistent growth.
Glamorgan entered the Domino’s system in September 2010, with the acquisition of the Swinton branch. This was followed by the company further acquiring the branches of Westhoughton, Whitefield, and Rochdale. Glamorgan then continued its growth by developing and opening new branches in the areas of Walkden, Blackburn, and Rawtenstall.
The shareholders of Glamorgan appointed renowned franchise merger and acquisitions experts PKF Smith Cooper to provide full sales process management. This included marketing, buyer identification, negotiation, and project management of the transaction through to completion. The sale of Glamorgan was advised and led by Corporate Finance Director David Crump with the support of Senior Corporate Finance Executive Callum Leslie.
The buyer, Topacio Holding Limited, led by Mohammed Amin, already operates 17 Domino’s stores in the North West along with a further 11 stores in the South East.
David Crump of PKF Smith Cooper commented: “We were delighted to act on this important transaction to crystallise the investment in Glamorgan, one of the region’s leading Domino’s franchisees, and in doing so, securing a bright future for the company. As an existing and highly regarded member of the Domino’s franchise with a significant North West presence, Topacio was a standout acquiror of the company and we look forward to seeing the enlarged group continue the growth of Domino’s in the area.”
Callum Leslie added: “It was great working with all parties on this deal, and it’s pleasing to know that Glamorgan is going to continue to flourish under new ownership.”
Jeremy Davies, exiting franchisee, majority shareholder and Managing Director of Glamorgan Retail Limited, said: “I would like to express my gratitude to the team at PKF Smith Cooper for their comprehensive support throughout the sales process. Without them, this sale would not have been possible – their guidance and expertise were instrumental in achieving a successful outcome. I would also like to thank Brabners for their valuable advice throughout the process.”
Sell-side legal advice was provided by a team from independent law firm Brabners, comprising Tony Harper, Richard Hepworth and Emma Norman-Jones.
Commenting on the successful sale, Tony Harper said: “We’ve worked with Glamorgan over the last decade as the business scaled to become one of the region’s leading franchise operators. This deal marks a great exit and secures the future of the organisation, as the value of the hard work and investment is realised. Topacio is a highly successful and experienced operator that can build on Glamorgan’s track record, and we look forward to watching them go from strength to strength.”
Topacio was advised by Charles Hylton-Potts of Peacock & Co Solicitors on the acquisition, supported by Philip Jones of Keystone Law who advised on the banking documents.
