Navis Capital acquires Dome

DUBAI - Navis Capital Partners has announced the acquisition of Dome - the leading Australian and Asian specialty coffee and restaurant chain.

By A Staff Reporter

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Published: Sun 15 Feb 2004, 12:16 PM

Last updated: Tue 10 Jan 2023, 9:07 AM

Dome's management team also participated in the buyout which was valued at approximately $15 million.

Navis is the Asia-based fund manager that was behind Asia's first-ever Shari'ah-compliant private equity fund, for which fundraising was completed last year. Guidance Financial Group based in Washigton DC is a sponsor of the fund and led the placement in the Gulf. Dome is the one of four acquisitions made by Navis in the last 6 months.

Dome is styled around a Continental European bistro theme and combines its own specialty coffee blends with a full food menu. There are over Dome outlets in Australia, Brunei, Indonesia, Malaysia, Philippines, Singapore and UAE.

Dome's Managing Director, Nigel Oakey, said: "We have expansion plans across Asia and the Middle East. Currently, there are only 5 outlets in UAE, but we want coffee lovers across the whole Gulf region to have the chance to enjoy the Dome experience. With over 60 outlets today, Dome expects to at least double in size in the next 2 or 3 years." Rodney Muse, one of the founding partners of Navis, said that Dome was a particularly appealing acquisition because of its up market and distinctive positioning that would benefit from rising consumer affluence across Asia. "Dome occupies its own niche - we do not see the company competing directly with the likes of Starbucks - Starbucks sells mass market coffee, whereas Dome provides an environment where European style, fantastic food, and of course Dome's own premier coffee blends, all combine to create an ambience and lifestyle in which friends and families want to linger and luxuriate."

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