Krispy Kreme has abandoned its planned £200m London flotation in favour of a sale to its US parent, according to reports.
Private equity group Alcuin Capital, which controls the UK operations of the global brand, was preparing to join a wave of autumn floats in a deal being handled by Investec.
However, it is understood that the London listing has been cancelled after a takeover offer from the brand’s American parent in a deal which would bring British operation back in house and value it at c£210m.
The expected buyout deal follows the acquisition of North Carolina-based Krispy Kreme Doughnuts Inc. by JAB Holding Co., an investment vehicle of the Reimann family, earlier this year.
The sale would provide a windfall for Alcuin, which took control of the UK arm in 2011 for c£25m. The first Krispy Kreme site in London opened in 2003.
