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May 12, 2022

Boheme Investment to acquire McDonald’s franchise operator in Turkey

The deal is expected to be completed in the first half of the year.

Turkish firm AG Anadolu Group Holding has agreed to divest 100% of the shares of its subsidiary, Anadolu Restaurant, which operates McDonald’s restaurants in Turkey, to Boheme Investment.

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AG Anadolu Group Holding and Boheme Investment signed a binding share transfer agreement in this regard.

Boheme Investment is an Austria-based company and subsidiary of Qatari investor Kamal Saleh Al Mana.

Saleh Al Mana also has a partnership in the company that operates the franchise business of McDonald’s in Qatar.

According to the terms of the agreement, the price of the shares transferred represent 100% of the capital of Anadolu Restoran.

The transfer price will be finalised by subtracting from $54.5m. The amount to be subtracted will be calculated by netting the net debt as well as other assets and liabilities determined under the share purchase agreement in the balance sheet of Anadolu Restoran on the closing date of the transaction.

In a statement, AG Anadolu Group Holding said: “The mentioned amount to be calculated by subtracting and netting the net debt and other assets and liabilities determined under the share purchase agreement is estimated to be around $5m and $6m.” 

Completion of the share transfer is subject to the fulfilment of the prerequisites in the share transfer agreement.

The deal is expected to be completed in the first half of the year.

Last month, McDonald’s stated that it would be logistically unviable to act on a call made by investor Carl C Icahn, who urged the restaurant company to change its pork sourcing.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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