Dunkin' Donuts Plans IPO This Summer: Sources

Dunkin’ Donuts, having just completed a bake-off with an array of Wall Street bankers, plans to serve up an initial public offering some time this summer, say people familiar with the company’s plans.

Dunkin Donuts
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Dunkin Donuts

Dunkin’, the bakery and coffee unit of Canton, Mass. based Dunkin’ Brands, expects to raise between $500 million and $700 million as part of an offering in the coming months, one of these people said.

To underwrite the deal, Dunkin’ has selected JPMorgan Chase and Barclays Capital, the people familiar with the company’s plans said.

A spokeswoman for Dunkin’, which also owns the Baskin-Robbins ice cream chain, said in an e-mail that the company wouldn’t comment on rumors and speculation.

A successful IPO will make Dunkin’ Donuts the latest privately-held company to be taken public by financial sponsors who bought it at or near the height of the financial boom. Late in 2005, Dunkin’ was taken private in a $2.43 billion leveraged buyout by Bain Capital Partners, the Carlyle Group, and Thomas H. Lee Partners.

But by the middle of 2007, the public markets were effectively closed to most IPOs, forcing many pending deals to bide their time until conditions improved.