DealZone

Deals wrap: Groupon, LivingSocial in buying frenzy

Group buying sites Groupon and LivingSocial are both in the process of launching multi-billion dollar IPOs, but as Deal Journal reports, the companies are also “plowing full steam ahead with deal making.”

Shares of Dunkin’ Brands shot up as much as 56 percent on its first day of trading, closing at $27.85 by the end of Wednesday’s trading session. The parent of the Dunkin’ Donuts chain said it has set a 20-year target to open 15,000 new stores in the U.S., up from its current 6,800. This would surpass rival Starbucks’ numbers.

France Telecom is looking to put its Swiss, Austrian and Portugese units up for sale. Analysts say the sell-off could raise as much as $2.9 billion and pave the way for a return to shareholders.

Private equity and real estate firm Blackstone Group is in talks to buy healthcare IT company Emdeon, in a deal that could be valued at $3 billion, a source familiar with the situation told Reuters.

Deals wrap: Dunkin’ Brands IPO prices above range

There appears to be a strong demand for this week’s biggest deal. Dunkin’ Brands, the provider of sweet treats and coffee raised $422.75 million after pricing its IPO at $19 per share, well above the range set by underwriters. This gives the parent of the Dunkin’ Donuts and Baskin Robbins chains a market value of just over $2.4 billion.

This slideshow in PEHUB shows who Dunkin’ Brands’ top shareholders are.

Sources say private equity firms Centerbridge Partners and BC Partners are pursuing Caterpillar’s logistics unit, a sale that could fetch more than $1 billion. In a Reuters exclusive, several people familiar with the matter said “two or three parties remain in the auction as the bidding process for Caterpillar’s third-party logistics business has reached the final round.”