Domino's Pizza Group plc (LSE:DOM) agreed to acquire 85% stake in Shorecal Limited from Bronfman Family Office, Charles Caldwell, and Adrian & Anne Caldwel for ?91.9 million on March 11, 2024. The consideration consists of ?63.82 million in cash and ?28.08 million in common equity. As part of the consideration, ?72 million was paid towards common equity and ?19.90 million was paid towards non-convertible debt.

Prior to the transaction, Domino's Pizza Group plc (LSE:DOM) held 15%. The Transaction is subject to competition approval in Ireland and is expected to complete by May 31, 2024. The Transaction is at an attractive multiple of 8x EBITDA and is expected to be earnings accretive in the first full year of ownership and significantly accretive in the long-term.