Brenton's Feed
May 4, 2011

Dunkin’ Brands files for $400 mln IPO

BANGALORE (Reuters) – Private equity-backed Dunkin’ Brands Group Inc, known for its Dunkin’ Donuts and Baskin Robbins ice cream, plans to go public with a $400 million offering, the latest in a slew of buyout-backed floats in the United States.

Four of the world’s top-10 IPOs this year have been buyout-backed U.S. share floats — consumer research firm Nielsen Holdings, Florida lender BankUnited Inc, pipeline company Kinder Morgan Inc and hospital operator HCA Holdings Inc.

May 4, 2011

Dunkin’ Brands Group files for $400 million IPO

BANGALORE (Reuters) – Dunkin’ Brands Group Inc, known for its Dunkin’ Donuts doughnuts and coffee and Baskin Robbins ice cream brands, filed with U.S. regulators to raise up to $400 million in an initial public offering.

The company, which has private equity firms Bain Capital, Carlyle Group CYL.UL, and Thomas H. Lee Partners THL.UL as its stakeholders, said it plans to list on the Nasdaq Global Select Market under the symbol “DNKN.”

Apr 10, 2011

Analysis: Alliance Data may face high Epsilon breach costs

BOSTON/BANGALORE (Reuters) – Alliance Data Systems Corp could face costs and lost sales of $100 million or more as it tries to recover after hackers stole reams of names and email addresses from its Epsilon marketing unit.

The estimate by technology analysts is slightly less than 4 percent of the Dallas company’s revenue last year, but it underscores the rising threat from hackers and comes as Washington considers imposing tougher data-security rules.

Apr 7, 2011

Fifth Third Asset upbeat on industrials, materials

BANGALORE, April 6 (Reuters) – With the U.S. recovery back
on track, industrial and materials companies stand to gain the
most for the role they play in keeping the economic engine
humming, chief investment officer at Fifth Third’s
asset management arm said.

“This is going to be the area where you’re going to get
pronounced top-line revenue and earnings growth,” said Keith
Wirtz, who manages $17.7 billion in assets at Fifth Third Asset
Management (FTAM).

Apr 4, 2011

Analysts undeterred by data breach at Alliance Data unit

Bangalore, April 4 (Reuters) – Analysts remained optimistic
on Alliance Data Systems (ADS.N: Quote, Profile, Research, Stock Buzz), even as a data breach at the
company’s Epsilon unit exposed names and e-mails of its clients’
customers, and sent its stock down nearly 7 percent.

On Friday, Epsilon, which sends over 40 billion
permission-based emails annually on behalf of its 600-plus
clients, said a “subset” of Epsilon clients’ customer data were
exposed by an unauthorized entry into Epsilon’s email system.

Mar 16, 2011

Will stand-alone Online Resources stay connected to growth?

BANGALORE, March 16 (Reuters) – Online Resources Corp
may no longer be looking to sell itself or have a very
bright 2011 to look forward to, yet some are placing long-term
bets on the management’s aggressive plans to boost

The financial technology provider, which is seeing a
turnaround under Chief Executive Joseph Cowan, caught the eyes
of potential acquirers but a recent rally in the shares of the
company may have deterred a deal from materializing.

Mar 15, 2011

Online Resources sees weak Q1; says not up for sale

BANGALORE, March 15 (Reuters) – – Financial technology
provider Online Resources Corp forecast first-quarter
outlook below analysts’ estimates, and said it was no longer
looking to sell itself, wiping out nearly a quarter of its
market value in after-hours trade.

“The board determined that the completion of a transaction
on acceptable terms was unlikely at this time,” CEO Joseph Cowan

Mar 10, 2011

Jackson Hewitt sees pre-packaged bankruptcy as an option

BANGALORE, March 10 (Reuters) – Jackson Hewitt Tax Service
Inc said it is working with its lenders on a
restructuring plan that may include a pre-packaged bankruptcy,
sending the second-biggest U.S. tax preparer’s shares down 42
percent to their life low.

The recent clampdown by the U.S. government on refund
anticipation loans (RALs), offered by tax preparers and funded
by various banks, may prove to be the final nail in the coffin
for Jackson Hewitt.

Mar 8, 2011

MoneyGram jumps on recapitalization deal with THL

BANGALORE (Reuters) – MoneyGram International (MGI.N: Quote, Profile, Research, Stock Buzz) said affiliates of private equity firm Thomas H. Lee Partners (THL) will own 55 percent of the payment services company following a recapitalisation deal, sending its shares up by nearly a fifth to a 10-month high.

MoneyGram, which competes with Western Union Co (WU.N: Quote, Profile, Research, Stock Buzz), has been seeing a recovery in its performance after the remittance industry struggled during the credit crunch.

Feb 10, 2011

Green Dot’s Q4 profit beats Street estimates

BANGALORE (Reuters) – Prepaid debit card company Green Dot Corp (GDOT.N: Quote, Profile, Research, Stock Buzz) reported a quarterly profit above market view on revenue growth in its card segment, and forecast full-year revenue largely above analysts’ expectations.

For 2011, the company sees total operating revenue of $480-$500 million. Analysts expect $482.9 million.

    • About Brenton

      "I’m currently Editor-in-Charge for UK company news in Bangalore, overseeing the coverage of mid-cap and small-cap UK companies. Previously, I was the Deputy Editor-in-Charge of the Headline News team in Bangalore, which is responsible for sending news alerts for all the major publicly listed companies in North America. I also worked with the finance team in Bangalore covering IPOs, and mid-cap and small-cap U.S. financial companies."
    • Follow Brenton