Roark Starts New Year with Bigger War Chest
Roark Capital Group in Atlanta has a big, new war chest to acquire companies—it raised $2.5 billion to close its Fund IV at the end of 2014. And it’s still investing out of Fund III, a $1.5-billion fund raised in September 2012.
Since inception in 2001, Roark has raised more than $6 billion of equity capital commitments, and purchased 34 franchise or multi-unit brands.
Anytime Fitness is one of Roark’s notable investments for 2014, and its first in the fitness space. Anytime’s CEO Chuck Runyon told Franchise Times he’s been contacted by “dozens “ of private equity firms over the years who have wanted to invest in the company, but he held out for Roark. “Roark is the preeminent private equity firm in franchising,” Runyon believes.
Roark’s brands include Arby’s, Corner Bakery and Primrose Schools.