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Washington Pledges $1.3B to PE and Infrastructure Funds

Posted on: September 22, 2012 by gregrothNo Comments »

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

Posted on: September 11, 2012 by Luisa BeltranNo Comments »

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 [...]

Palladium in Market for Fourth Fund as It Tries to Sell Taco Bueno Again

Posted on: May 17, 2012 by Luisa BeltranNo Comments »

Palladium Equity Partners may finally get to exit Taco Bueno after seven years.

Centerbridge’s $1.1 Bln Deal for P.F. Chang’s is Year’s Biggest Restaurant LBO So Far: UPDATED

Posted on: May 1, 2012 by Luisa BeltranNo Comments »

The $1.1 bln buyout of P.F. Chang’s is the year’s biggest restaurant LBO so far

Roark Capital Reaches $462M Mark for Fund III

Posted on: April 13, 2012 by gregrothNo Comments »

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.

Benihana Likely to Find a Buyer Despite M&A Slowdown

Posted on: March 19, 2012 by Luisa BeltranNo Comments »

The second time may be the charm for Benihana, which has gone up for sale in a slow M&A market.

Slideshow: PE Firms Chowing Down on Restaurants

Posted on: August 31, 2011 by Jonathan MarinoNo Comments »

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

Posted on: July 11, 2011 by Luisa BeltranNo Comments »

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

Posted on: June 13, 2011 by reuters-newsNo Comments »

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 [...]

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Roark Capital Buys Arby’s for $130M

Posted on: June 13, 2011 by cnolanNo Comments »

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.