Follow-on Offering

Consumer
Follow-on Offering

Summary

Baird served as joint-bookrunner in this transaction

About

Caribou Coffee (Nasdaq: CBOU) recently completed a follow-on offering of 5,000,000 shares of its common stock at $9.75 per share. All of the shares of common stock were sold by Arcapita, the principal stockholder of Caribou Coffee. The underwriters exercised their full overallotment option to purchase an additional 750,000 shares from Arcapita. The offering generated approximately $56 million of gross proceeds.

Based in Brooklyn Center, Minnesota, Caribou Coffee is a branded premium coffee company operating in three main segments: Retail Coffeehouses, Commercial and Franchise. Caribou Coffee is the second largest company-operated premium coffeehouse operator in the United States based on the number of coffeehouses operated. As of October 3, 2010 the Company had 539 coffeehouses, including 129 franchised locations in 19 states, the District of Columbia and international markets.

For additional information about this transaction, please contact:

David Wierman (404) 264-2211
Chris Sciortino (312) 609-4923
Peter Kies (414) 765-7262
Consumer
Follow-on Offering
Date
December 2010
Company
Caribou Coffee Company, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America

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