Dunkin' Brands, which owns Dunkin' Donuts and Baskin Robbins, is going public today. Late yesterday, Dunkin' Brands raised nearly $424 million after selling 22.3 million shares at $19 each. This was up from the $16 to $18 price range originally planned. JP Morgan, Barclays Capital and Morgan Stanley are joint bookrunners on the deal. Eleven more underwriters are on the deal, including BofA Merrill Lynch and Goldman Sachs. The underwriters have the option to buy another 3.3 million shares. Dunkin' is expected to trade Wednesday under the Nasdaq ticker "DNKN."
Blackstone Group is putting 5 billion rupees ($111 million) into Indian power producer VISA Power, Reuters reported Wednesday. The firm did not disclose the size of its stake in VISA. Blackstone has plans to invest up to $1 billion in India's power sector over next three to five years, Reuters reported.
Nutreco and DSM are mulling a joint bid for Provimi, a French animal feed provider currently owned by the buyout shop Permira, Reuters reported, citing Dutch media reports. Provimi has been valued at as much as 2 billion euros, Reuters said.
TrustHouse Services Group, a Charlotte, N.C.-based food services company, has merged with A’viands Food and Services Management, a Roseville, Minneapolis-based wholly owned subsidiary Summit Food Services. According to TrustHouse, the combined company, which focuses primarily on the healthcare, education, and correction sectors, will rank among the top 10 food providers in the U.S. Terms of the […]
Al Borg Laboratories, a medical diagnostics business based in Egypt, has acquired a majority stake in the Jordan-based lab group Biolab. It is the fourth acquisition being made by Al Borg since its own acquisition by Abraaj Capital. The firm, headquartered in Dubai, paid $150 million for a 90 percent stake in Al Borg in […]
RotoMetrics, a Eureka, Missouri-based global seller of rotary dies and other equipment, has acquired Gerhardt International of Herlev, Denmark. Gerhardt is a leading European manufacturer of flexible tooling and related accessories for the converting and printing industries. RotoMetrics is a portfolio company of Morgenthaler Private Equity. Terms of the acquisition were not disclosed. PRESS RELEASE: RotoMetrics, […]
DAG Ventures led a $8.5 million round in taulia Inc., the cloud-based discounting solutions provider for the SAP space. DAG was the lead investor, and is a new investor; Matrix Partners and Trinity Ventures, existing investors, also participated. Josh Hannah, general partner with Matrix, Trinity’s Noel Fenton and Greg Williams, Managing Director of DAG Ventures, worked on the transaction.
Jersey Precast, a Trenton, N.J. company that makes concrete producgts, has been recapitalized through a growth investment from Gemini Investors, Pine Street Capital Partners and Starboard Capital Partners. Allegiance Capital Corp., an investment bank serving the middle market, facilitated the introduction of the investors to the company. Terms of the deal weren’t disclosed. PRESS RELEASE: […]
General Atlantic has made an investment in Linx, a provider of software, services and eCommerce solutions for retail businesses in Brazil. Financial terms weren't announced. BTG Pactual provided financial advice to Linx.
Ontario Teachers' Pension Plan (Teachers') has agreed to buy Babcock & Brown Gates Parking Investments, which includes Imperial Parking Corp. Terms of the deal weren't disclosed. BBGPI, a joint venture between Gates Group Capital Partners and Global Partners Fund, acquired Impark in 2006.