JWCA advises domino's pizza on its $1 billion accelerated share repurchase

May 2021 | read press release

Transaction Background

J. Wood Capital Advisors acted as financial advisor to Domino’s Pizza Inc. (“DPZ” or the “Company”), and led the execution of the Company’s third accelerated share repurchase program

• Assisted the DPZ team with ASR design, documentation, and accounting review to ensure appropriate treatment

• Created a process to achieve the best terms for Domino’s Pizza:

  • Led an auction process to drive Company-friendly pricing

  • Created the documents with the Company upfront to ensure company-friendly provisions

• Provided advice, support and analysis during the execution

Results

• The auction process allowed the Company to achieve a meaningful discount at a large transaction size of $1.0bn

• Domino’s Pizza shares outstanding were immediately reduced by ~2.0mm shares, over 5% of their shares outstanding

• JWCA’s expertise was instrumental in the document negotiation and accounting process, allowing the Company to execute its third ASR with confidence