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The One Nine Three Group is handling Krispy Kreme as the doughnut chain plans to return to public ownership by selling four million shares of stock priced in the $21 to $24 range.
Krispy, which aspires to be “the most loved sweet treat in the world,” sold 1.3B doughnuts, 64 percent of which were of the original glazed variety, in 30 countries during fiscal 2020.
Despite selling a billion-plus doughnuts, Krispy could not turn a profit, losing $64.3M on $1.1B sales. The red ink continued into fiscal 2121 as Krispy suffered a $3.1M loss on $313M revenues during Q1 ended April 4.
JAB Holding took Krispy private in 2016 after it bought the company for $1.4B. Following Krispy’s IPO, JAB will retain a 38.6 percent stake in the company.
The One Nine Three Group’s Zach Siegel handles media for Krispy’s IPO and Tristan Peniston-Bird deals with the investment community.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
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