Alcuin sells Krispy Kreme UK to US parent

The deal brings to an end the company's plans to float on the London stock exchange, with an anticipated IPO valuation reportedly in the region of £200m. An official deal value has not been disclosed, though multiple media sources report the trade sale is close to the aforementioned IPO figure.

Indigo Capital, which holds a minority stake in Krispy Kreme UK will also divest its stake alongside company management.

Under the vendor's tenure, the business expanded by opening new stores and self-serve cabinets in third party stores. Krispy Kreme UK said in a statement it would continue to pursue this growth strategy under its new owners, with all existing staff and management remaining in their roles.

Previous funding
Alcuin backed the £25m MBO of Krispy Kreme UK from Cheshire & Kent, an investment group run by three US entrepreneurs.

Company
Having entered the UK market in October 2003, doughnut and coffee retailer Krispy Kreme UK is headquartered in Camberley, Surrey. According to publicly available records, the company generated revenues of £52.2m and adjusted EBITDA of £10.3m in the year to February 2015.

People
Alcuin Capital – Grace Henderson-Londoño (partner).
Krispy Kreme UK – Mike Dowell (CEO).
Krispy Kreme Group – Tony Thompson (CEO).

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• Exits
• UK / Ireland
• Consumer
• United Kingdom
• Trade sale