Roark Capital Group Closes on $1.5 Billion Private Equity Fund

ATLANTA (October 8, 2012) – Roark Capital Group, an Atlanta-based private equity investment firm, today announced the closing of its third private equity fund, Roark Capital Partners III LP (“RCP III”), with capital commitments of $1.5 billion.

RCP III included strong support from existing Roark investors and a number of new investors, including leading endowments and foundations, public and corporate pension funds, sovereign wealth funds and family offices.

Roark’s prior fund, Roark Capital Partners II LP, is a $1 billion partnership that commenced in 2008. With the closing of RCP III, Roark now has approximately $3 billion in equity capital under management.

“We are thankful for the continued support from our existing investors and are pleased to welcome a number of new institutions and families to our partnership,” said Neal Aronson, Roark’s Managing Partner.

RCP III will continue Roark’s strategy of acquiring companies in the franchise/multi-unit, brand management, consumer products and services, environmental services and business services industries.

In its history, Roark has acquired 22 franchise/multi-unit brands which collectively have more than 4,100 franchisees, 11,000 locations and $10 billion in system-wide revenues across 50 states and 56 countries.

Roark’s current portfolio of brands includes Arby’s, Atkins, Auntie Anne’s, Batteries Plus, Bosley’s Pet Food, Carvel Ice Cream, Cinnabon, Corner Bakery, FASTSIGNS, FOCUS Brands, Home Service Store, Il Fornaio, Massage Envy, McAlister’s Deli, Moe’s Southwest Grill, Money Mailer, Pet Valu, Primrose Schools, Schlotzsky’s and Wingstop. In addition, Roark has acquired over 25 environmental services businesses through its three platform companies GFL Environmental, Qualawash and Waste Pro.

Lazard Freres acted as exclusive placement agent for the fund.

About Roark Capital Group

Roark Capital Group is an Atlanta-based private equity firm that specializes in franchise/multi-unit, brand management, consumer products and services, environmental services and business services companies with attractive growth prospects. Its brands have over 11,000 locations and $10 billion in system-wide revenues across 50 states and 56 countries. Roark focuses on middle-market investment opportunities through familyowned business transfers, management and corporate buyouts, recapitalizations, going-private transactions and corporate divestitures. The firm has approximately $3 billion of equity capital under management. For more information, visit www.roarkcapital.com.

Contact:

Monica Rutkowski
Fishman Public Relations
(847) 945-1300, ext. 235
mrutkowski@fishmanpr.com

###

Share this Story:

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Wayback Burgers
Wayback Burgers is strategically poised to grow dynamically. This could be your opportunity to partner with a leader in a rapidly growing food market...
ProSource
ProSource is America's largest wholesale home improvement franchise; a truly unique B2B franchise model. Our owners enjoy strong cash flow with...
Smoothie Factory
Are you interested in a health conscious franchise opportunity in a growing smoothie industry that does over $2 billion in annual sales in the United...
AAMCO Transmissions and Total Car Care
AAMCO franchisees benefit from joining a brand that has been in business for over 50 years. Our iconic, Double A, Beep Beep, M-C-O mnemonic brings...
Sky Zone
Sky Zone created, built and franchises the first of its kind wall-to-wall trampoline playing courts with unlimited purposes and endless possibilities.

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media | P.O. Box 20547 // San Jose, CA 95160 // PH. (408) 402-5681
Copyright © 2001 - 2017. All Rights Reserved.

In Loving Memory Of Timothy Gardner (1987-2014)