Tuesday 18/Feb/2025 – 09:17 PM
Earth Capital Management, backed by Qatar, is studying an acquisition offer for the American pizza restaurant chain, Baba Jones, according to Simavor in a report.
The sale of American pizza restaurants, Papa Jones
According to the report, Earth Capital Management, backed by a member of the royal family in Qatar, Mohamed Mo Al Thani, is holding talks with consultants on converting the Baba Jones restaurants chain into a private company, and the market value of the pizza restaurant series reached about 1.6 billion dollars when the stock exchange is closed Wednesday.
Earth was founded by Matthew Bradesho and Sheikh Mohamed Mo Al Thani, a member of the Qatari royal family.
According to the Simavor report, Matthew Bradesho and Sheikh Mohamed Mo Al Thani, the founder of Earth Company, conducted similar special acquisitions with the Poggings for fried chicken and the Casper Casper Company in the past.
Erith Company deals
Earth revealed a 4.99% stake in Baba Jones last year, which is slightly less than the extent that may lead to the disclosure of its plans.
The investment strategy pursued by Earth includes the acquisition of small shares in public companies with the aim of full acquisition: The company said in a booklet for investors: Erthi creates many opportunities for it.
Earth operates about 200 million dollars, according to organizational deposits, and it is not clear how it plans to finance a possible offer. But Mohamed Al Thani spent three years in the Qatari sovereign wealth fund, as his personal file appears on LinkedIn, so Earth is likely to have its own deep pockets that she can benefit from.
Baba Jones and its shares fell 40% last year, compared to its counterparts such as Yam Brands, the parent company of Pizza Hut, or Domino, and this is not the first time that it is rumored to be a goal for ready meals.
The Wall Street Journal reported that Trian Partners, affiliated to Silson Bilz, thought about acquiring in 2018, and in 2019, the active investor, Starboard Value, made a strategic investment in the company.
