Roark, an Atlanta, GA-based private equity firm focused on franchise and multi-unit businesses, completed fundraising for its two newest funds, raising a combined total of $6.5 billion.
Roark Capital Partners V LP, the main fund, targeted $4 billion and closed on $5 billion of capital commitments. Roark Capital Partners II Sidecar LP,
targeted $1 billion and closed on $1.5 billion of capital commitments alongside the main fund.
Led by Neal Aronson, Founder and Managing Partner, and Paul Ginsberg, President, the firm focuses on investing in franchised and multi-unit businesses in the food and restaurant, specialty retail, health and wellness, retail healthcare, consumer and business services, and education sectors.
Since inception, affiliates of Roark have acquired 65 franchise/multi-unit brands that have generated approximately $32 billion in annual system revenues from 32,000 locations in 50 states and more than 80 countries.
Credit Suisse Securities (USA) LLC acted as placement agent and Paul, Weiss, Rifkind, Wharton & Garrison LLP as legal counsel to the firm.