Buy Inspire Brands Inc. Dunkin Brands Group The two companies said late on Friday for $ 8.76 billion, bringing RB and Dunkin ‘Donuts, one of the biggest restaurant deals, under the same umbrella.
Inspire brandsOwned by RBIS, Buffalo Wild Wings and Sonic Drive-in All payments The ownership of the Dunkin ‘Donuts and Baskin-Robbins networks will be valued at $ 106.50 per share. It represents a 20% premium over Dunk’s closing price on October 23, before the New York Times first reported contract negotiations.
The deal is valued at $ 11.3 billion, including debt.
Sales at Dunkin ‘and Baskin-Robins improved from their locksdown in recent weeks, boosting strong demand for its curbside pickup, drive-through and delivery options.
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Dunk and Baskin-Robbins saw surprising increases in sales in the third quarter, comparable to the US, on Thursday.
The companies said that Dunkin and Baskin-Robbins will operate under different brands within Inspire.
“We are excited to give meaningful value to shareholders who believe that while maintaining all the unique and unique features of the Dankin and Baskin-Robins brands, they continue to inspire brands … to continue to grow for our franchisees.” Said Dave Hoffman, chief executive officer of Dunkin Brands.
Dunkin ‘Brands operates 12,900 Dunkin’ restaurants worldwide and more than 8,000 Baskin-Robins stores. The Inspire brand, formed in 2018 as a holding company by private equity firm Rork Capital, has a portfolio of more than 11,000 restaurants.
“Through their scaled international platform and robust customer-packaged merchandising licensing infrastructure, they will strengthen their motivation and add more than 15 million loyalty members,” said Paul Brown, chief executive officer of Inspire Brands.
Confirmation of the deal was first reported in the Wall Street Journal.
Barclays was Inspire’s financial adviser and advised Bofa Securities Dunkin’s brands.
(Bengaluru Shubham Kaliya and Nivedita Balu reporting; Daniel Wallis and Leslie Adler editing)