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Roark Capital acquires Central Jersey Waste and Recycling

Roark Capital‘s environmental services platform Synergy Environmental Corp. has acquired Central Jersey Waste and Recycling and sister companies, Premier Food Waste Recycling and Central Repairs. No financial terms were disclosed. Headquartered in Ewing, NJ, CJW is a provider of waste and recycling services for the New Jersey and Pennsylvania markets.

Washington Pledges $1.3B to PE and Infrastructure Funds

In one of the largest series of commitments this year, the $84 billion Washington State Investment Board pledged $750 million to private equity funds and another $500 million to infrastructure funds, one of the fastest-growing asset classes among pension investors…

Roark Capital buys The Home Service Store

Roark Capital Group has acquired The Home Service Store. Financial terms weren’t announced. Kennesaw, Ga.-based Home Service Store provides consumers with solutions for the purchase and installation of do-it-for-me home improvement projects. PRESS RELEASE Roark Capital Group, an Atlanta-based private equity firm announced today that it has acquired The Home Service Store. The Home Service […]

Roark Capital Reaches $462M Mark for Fund III

Roark Capital Group, an Atlanta-based buyout firm that specializes in franchise businesses such as restaurants, has raised $462 million for its latest mid-market vehicle, Roark Capital Partners III LP, according to a regulatory filing, and sister magazine Buyouts. The fund has a $1.25 billion target.

Slideshow: PE Firms Chowing Down on Restaurants

Private equity firms can barely stop licking their chops — at least, at first. One after another, they’re either scoring mega multiples on, or backing the proverbial truck up for, restaurant deals (sometimes, in the same transaction). Financial sponsors are gobbling up listed restaurants and private companies, taking fried chicken joints and steakhouses to improve […]

Moelis Capital Buys CyberCore Tech from Roark Capital

Moelis Capital Partners, the PE arm of Moelis & Co., said Monday that it has acquired CyberCore Technologies. Financial terms weren’t announced. Roark Capital was the seller. Elkridge, Md.-based CyberCore provides IT services to the federal government and intelligence community. FBR & Co. acted as financial advisor to MCP. SunTrust Robinson Humphrey, RBS Citizens and Bank of America provided senior debt financing and Hancock Capital Partners Investment Management provided the mezzanine financing.

Roark Capital Thinkin’ Arby’s

CHICAGO, June 13 (Reuters) – Wendy’s/Arby’s Group Inc said it would sell most of struggling roast beef sandwich chain Arby’s Restaurant Group Inc to private equity firm Roark Capital Group for about $130 million in cash. Roark, whose portfolio already includes the Auntie Anne’s, Carvel Ice Cream and Cinnabon chains, will also assume about $190 […]

Roark Capital Buys Arby’s for $130M

Roark Capital is paying about $130 million in cash to buy roast beef sandwich chain Arby’s Restaurant Group Inc., Reuters reported. Current owners Wendy’s/Arby’s Group Inc. will retain 18.5% ownership of Arby’s valued at about $30 million, the company said in a statement. Atlanta-based buyout shop Roark will assume about $190 million in Arby’s debt.

Roark Preps $285 Million Loan for Auntie Anne’s Buy

It’s been more than a week since Roark Capital unveiled its takeover of Auntie Anne’s, the pretzel maker, and now we have some deal details.

FOCUS Brands, a Roark portfolio company, is launching a $285 million facility to back its buy of Auntie Anne’s. The deal consists of a $275 million term loan and a $10 million revolver, according to my compadres at Thomson Reuters Loan Pricing Corp.

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A Pretzel Fortune: Beiler Sells Auntie Anne’s To Roark To Pursue Personal Interests

Succession wasn’t the reason that Sam Beiler sold the pretzel provider to Roark Capital.

Beiler has worked for Auntie Anne’s in various capacities since 1989. Currently Chairman and CEO, Beiler agreed last week to sell the company, which makes nine different types of hand-rolled pretzels, including some covered in cinnamon sugar or in pepperonis. Auntie Anne’s employees will roll, twist and bake the snacks in front of customers.

Beiler, 45, bought Lancaster, Pa.-based-Auntie Anne’s in 2005 from then founders Anne and Jonas Beiler. Sam Beiler isn’t their son but a distant relative, says William Dunn, Auntie Ann’s president and COO.

Roark Capital Buys Chicken Wing Chain

Roark Capital Group has acquired Wingstop Restaurants Inc., a Richardson, Texas-based chain of more than 650 chicken wing restaurants in operation or in development. No financial terms were disclosed.

PE Pro Turns to Banking

Many a finance professional works his way up the investment banking ladder in hopes of one day transitioning into a career in private equity. Larry DeAngelo has done exactly the opposite of that, leaving his post as a Partner at Roark Capital to head up the financial services M&A group at Suntrust Robinson Humphrey.

DeAngelo’s exit from the Atlanta-based buyout firm was reported here in mid-January. He left the firm based on Roark Capital’s decision to move away from financial services investing, which he specializes in. DeAngelo had joined the Atlanta-based firm in 2005 to lead its financial services investments.

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