An agreement to acquire “Dunkin”, owner of “Baskin Robbins”, to make it a private company. This is its value

New York, United States (CNN) – Inspire Brands, the holding company backed by Roark Capital Group, a private equity firm, has acquired Dunkin, which also owns the Baskin Robbins brand, in a deal worth more than $ 11.3 billion.

Inspire has 11,000 restaurants from Arby’s, Buffalo Wild Wings, Sonic and Jimmy Jones, as well as other restaurants.

Inspire, which will bear Dunkin’s debts in the agreement, plans to acquire the outstanding shares of Dunkin at $ 106.50 per share. The share price was $ 99.71 at market close on Friday.

Inspire CEO Paul Brown said in a statement announcing the deal Friday night that Duncan and Baskin-Robbins would be “complementary” to the “Inspire” portfolio, noting that through the two brands, Inspire would be able to ” reach international customers and more than 15 million members of loyalty programs, among others.

The buying process will triple the “Inspire” footprint in the restaurant world, and “Dunkin” includes over 12,500 stores, while “Baskin Robbins” has approximately 8,000 stores.

The CEO of Dunkin said in a statement that the deal “will provide significant shareholder value” and that he expects it to drive the growth of franchisees.

Dunkin has focused in recent years on the sales of its coffee. In 2018, it removed the word “donuts” from its brand and has since invested in new espresso machines and coffee-making equipment. I also tried new breakfast options including a vegetarian hot dog sandwich.

Before the pandemic, breakfast was one of the few growing sectors of fast food. But now breakfast sales are down due to the disruption of morning transportation with many employees working from home due to the pandemic outbreak.

In the three months ending June 27, sales of Dunkin ‘open sites in the United States fell almost 19%. However, sales are now improving with comparable store sales increasing 0.9% over the next 3 months.