Roark Capital Group, an Atlanta-based private equity firm, has announced the final closing of its second institutional private equity fund, Roark Capital Partners II, with USD1bn of equity
Roark Capital Group, an Atlanta-based private equity firm, has announced the final closing of its second institutional private equity fund, Roark Capital Partners II, with USD1bn of equity commitments. Roark’s first institutional fund, raised in March 2005, has USD413m of equity commitments.
‘We are extremely pleased with the support received from our existing and new investors,’ says Neal Aronson, managing partner of Roark Capital Group. ‘The new fund will allow us to continue our strategy of investing in consumer and business service companies with outstanding management teams and strong growth prospects.’
Roark’s specific areas of focus include franchising, food and restaurants, specialty retail, direct marketing and financial services companies. Roark has acquired 13 franchise brands that collectively have more than 13,000 points of distribution, 2,000 franchisees, and USD3bn in system-wide revenues in 50 US states and 33 countries.
Roark’s franchise brands include Batteries Plus, Carvel, Cinnabon, FastSigns, McAlister’s Deli, Moe’s Southwest Grill, Money Mailer, Schlotzsky’s and Seattle’s Best Coffee International. Roark has also acquired four direct marketing businesses and three financial services companies.
Roark Capital Group, which has USD1.5bn in equity capital under management and 28 employees, focuses on consumer and business service companies with attractive growth prospects and annual revenues ranging from USD20m to USD1bn.
