Friday, July 29, 2011

$27 Million in Fees for Dunkin’s Underwriters #P2 #TCOT

FROM http://dealbook.nytimes.com/2011/07/29/how-sweet-it-is-27-million-in-fees-for-dunkins-underwriters/?nl=business&emc=dlbkpma21

A group of 14 firms underwrote Dunkin' Brands initial public offering.Toby Talbot/Associated Press

Earlier this week, Dunkin' Brands made its stock market debut with a blockbuster public offering, with shares soaring 46.6 percent on the first day of trading.

The offering, which raised $422.75 million, enriches the Coolatta-maker's private equity owners, Bain Capital Partners, the Carlyle Group and Thomas H. Lee Partners, and its band of underwriters, a group of 14 firms.

The underwriters, led by JPMorgan Chase, Barclays Capital, Morgan Stanley, Bank of America Merrill Lynch and Goldman Sachs, made $27,478,753 million in fees, or enough to buy 137.4 million Munchkins at about 20 cents a piece (some New York City Dunkin' Donuts sell boxes of 50 Munchkins for $9.99).

Here's a breakdown of who made what, according to data from Standard & Poor's:

The Financial Advisors


RoleFee
Barclays Capitalco-lead underwriter$6,045,325
J.P.Morgan Securitiesco-lead underwriter$6,045,325
Morgan Stanley co-lead underwriter$4,396,600
Bank of America Merrill Lynch; Pierce, Fenner & Smithco-lead underwriter$2,747,875
Goldman Sachsco-lead underwriter $2,747,875
Raymond James & Associatesunderwriter$824,363
Robert W. Baird & Companyunderwriter$824,363
Stifel Nicolaus Weisel underwriter$824,363
Wells Fargo Securities underwriter$824,363
William Blair & Companyunderwriter$824,363
Moelis & Companyunderwriter$480,878
SMBC Nikko Capital Markets Limited underwriter$480,878
Samuel A. Ramirez & Companyunderwriter$206,091
The Williams Capital Groupunderwriter$206,091

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