U.S.-based private-equity firm The Carlyle Group Wednesday said it purchased a 42% stake in Alamar Foods, the franchise operator of Domino's pizza and Wendy's hamburgers in the Middle East, from Saudi Arabia Al Jammaz family.
Carlyle, in an emailed statement, said the transaction closed Dec. 14. No financial details were disclosed.
Alamar operates Domino's and Wendy's in the region, with the exception of Wendy's in Saudi Arabia, through 185 restaurants across 11 countries and a food processor supplying the quick service and casual dining restaurant industry.
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