March 31 at 6:55 a.m.
Filed under:
Beverages,
Food,
Packaged foods,
Restaurants
By Reuters
A Dunkin' Donuts in Posen, Ill. (Zbigniew Bzdak/Chicago Tribune)
Private equity-backed Dunkin’ Brands Inc. is considering an initial public offering of about $500 million in the second half of 2011, sources familiar with the situation said.
The IPO could be as large as $750 million, one of the sources said. Two or the sources said that there is disagreement among the sponsors over the company’s valuation. All of the sources said the discussions are preliminary and could change. Get the full story »
Jan. 26 at 11:28 a.m.
Filed under:
Food,
M&A,
Packaged foods
By Reuters
Sara Lee Corp. has rejected a takeover offer valued between $18.70 and $20 a share from a private equity group led by Apollo Global Management LP, a source familiar with the situation said Wednesday.
Sara Lee has been weighing splitting up the company into separate meat and beverage units, or accepting a takeover offer. Sara Lee’s board was scheduled to meet Wednesday and Thursday to weigh its options, a source previously told Reuters. Get the full story »
Jan. 25 at 1:14 p.m.
Filed under:
Food,
M&A,
Packaged foods
By Reuters
Brazilian beef processor JBS has made a verbal buyout offer for Sara Lee Corp. and is expected to submit a written proposal in the coming day, two sources familiar with the situation said.
JBS made its verbal overture on Monday evening, the sources said. The terms of the offer were not immediately available. Get the full story »
Jan. 9 at 10:44 p.m.
Filed under:
Food,
M&A,
Packaged foods
By Dow Jones Newswires-Wall Street Journal
Private-equity firm Apollo Global Management LLC and investor C. Dean Metropoulos have formed a group of investors to explore a purchase of Sara Lee Corp., people familiar with the matter said.
Apollo and Metropoulos, a Connecticut entrepreneur who acquired Pabst Brewing Co. last year, are leading a consortium that includes Bain Capital LLC and TPG Capital LP, the people said. Get the full story »
Jan. 5 at 3:51 p.m.
Filed under:
Investing,
M&A
By Reuters
A Moen Single Handle Bath Faucet at a Home Depot in New York, July 27, 2007. Fortune Brands Inc. is the holding company for Moen faucets, among other products. (Andrew Burton/Bloomberg News)
Several major private equity firms are considering buying Fortune Brands’ home products unit after the company announced plans to spin off the $3 billion division, five people familiar with the matter said.
Some of the large buyout firms, including Blackstone Group and Bain Capital, are studying the potential of either making offers for the entire unit or acquiring a stake in the business as part of the planned spin-off, the people said.
Such considerations are at a preliminary stage and it is unclear if Fortune would be interested in selling to buyout firms, which would incur heavy taxes, as opposed to a tax-free spinoff, the people said. Get the full story »
Oct. 11, 2010 at 8:47 a.m.
Filed under:
M&A,
Retail
By Associated Press
Children’s clothing retailer Gymboree Corp. is being purchased by affiliates of asset management firm Bain Capital for $1.8 billion.
Gymboree said Monday that the deal is for $65.40 per share, a 24 percent premium to Gymboree’s Friday closing stock price of $52.95. The retailer, based in San Francisco, currently has about 27.3 million shares outstanding. Get the full story »
