Monday, 25 July 2016
Last updated 1 hour ago
Feb 4 2008 | 3:20pm ET
Roark Capital Group, an Atlanta-based private equity firm, has closed its second institutional p.e. fund, Roark Capital Partners II, with $1 billion of equity commitments.
Roark’s first institutional offering, raised in March 2005, has $413 million of equity commitments.
Roark focuses on consumer and business service companies with attractive growth prospects and revenues ranging from $20 million to $1 billion. Its specific areas of focus include franchising, food and restaurants, specialty retail, direct marketing and financial services companies.
“We are extremely pleased with the support received from our existing and new investors,” said Neal Aronson, managing partner of Roark Capital Group. “The new fund will allow us to continue our strategy of investing in consumer and business service companies with outstanding management teams and strong growth prospects.”