Dunkin' Brands to tempt investors as it eyes IPO

Dunkin’ Brands, the private equity-owned parent company of Dunkin’ Donuts, will seek to raise $400m in a public offering in the US this year.

The global chain coffee and food chain is the latest in a string of debt-laden private equity portfolio companies to seek a public offering.

The company was acquired in 2006 by private equity firms Bain Capital, the Carlyle Group and Thomas H. Lee Partners. It is now seeking to pay down its total debt load, which is 6.3 times its adjusted earnings in the year to March 26, according to the prospectus.

Dunkin’ also said in its filing it would seek to increase its term loan, currently at $1.4bn, by $100m.

Read Full Article from Financial Times

- Posted: 2011-05-04 15:18:38

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