About This Deal

The Carlyle Group acquired Dunkin' Brands for $2.425B, a transaction completed in March 2006, structured as All-cash consortium buyout / carve-out from Pernod Ricard (~33% Carlyle).

Dunkin' Brands operates in Corporate Private Equity — Consumer & Retail, is based in Canton, Massachusetts, USA. A private-equity consortium of Bain Capital, The Carlyle Group and Thomas H. Lee Partners agreed to acquire Dunkin' Brands, parent of Dunkin' Donuts, Baskin-Robbins and Togo's, from Pernod Ricard for $2.425 billion. The Canton, Massachusetts company was carved out of the French spirits group to operate as an independent franchisor. Each of the three sponsors took an approximately one-third stake; the deal closed March 1, 2006, and the sponsors later took Dunkin' public in 2011.

Acquire a global multi-brand quick-service franchisor with room to expand store count and franchise economics as a standalone company.

Deal Terms

Acquirer
The Carlyle Group
Target
Dunkin' Brands
Value
$2.425B
Date
March 2006
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
Canton, Massachusetts, USA
Segment
Corporate Private Equity — Consumer & Retail
Structure
All-cash consortium buyout / carve-out from Pernod Ricard (~33% Carlyle)
Announced
December 12, 2005
Closed
March 1, 2006

Advisors

Advisory firms were not disclosed for this transaction.

Sources: Press release ↗ · SEC filing ↗

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