Carlyle buys 42 percent of Mideast restaurant firm

AP News
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Posted: Dec 14, 2011 7:40 AM
Carlyle buys 42 percent of Mideast restaurant firm

Private equity firm The Carlyle Group says it has bought 42 percent of a Saudi company that operates Domino's Pizza and Wendy's restaurants in the Middle East.

Carlyle said Wednesday it bought the stake in Alamar Foods from the desert kingdom's Al Jammaz family, which will retain a majority stake.

Financial terms weren't disclosed.

Alamar operates 176 Domino's restaurants in 11 countries throughout the Middle East and North Africa.

It also runs nine Wendy's stores in the United Arab Emirates, and a food processing company that supplies restaurants in the region.