Baird served as joint-bookrunner in this transaction
AboutCaribou Coffee Company, Inc. (“Caribou Coffee”) (NasdaqGS: CBOU) recently completed a follow-on offering of 5,150,000 shares of its common stock at a price of $14.25 per share, generating gross proceeds of approximately $73 million. All of the shares of common stock were sold by Arcapita, the principal stockholder of Caribou Coffee. The Company will not receive any proceeds from the offering.
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 July 3, 2011 the Company had 554 coffeehouses, including 147 franchised locations in 20 states, the District of Columbia and international markets.
For additional information about this transaction, please contact:
- August 2011
- Caribou Coffee Company, Inc.
- Target Geography
- North America