Roark Capital Group Closes on $1.5 Billion for Fund 3

Roark Capital Group Closes on $1.5 Billion for Fund 3

Roark Capital Group has held a closing of its third private equity fund, Roark Capital Partners III LP (“RCP III”), with capital commitments of $1.5 billion. 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.

The new fund received 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. Lazard Freres acted as exclusive placement agent for the fund.

“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 Capital Group is located in Atlanta (

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.

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-9-12

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