Arby's parent, Roark, set for QSR chain buying spree

Arby’s owner, Roark Capital, has filed SEC documents saying that it’s raising as much as $2 billion dollars to form Roark Capital Partners II Sidecar LP, which the news site, Axios reports the private equity firm plans to use to buy even more restaurant brands than Buffalo Wild Wings. Last week, Arby’s Restaurant Group announced a huge $2.9 billion Buffalo Wild Wings deal to acquire that brand.  

According to the exclusive report by the news site, Roark is raising $2 billion for the purchase of more chains and has already committed $758 million to the new "Sidecar" entity through last October. $783 million is the amount of the equity check provided to finalize the $2.9 billion BWW purchase. 

Axios said it obtained the confidential pitch-deck for the Roark Capital Partners II Sidecar LP showing its strategy is to buy more chains through Arby's Restaurant Group, specifically those with $50 million to $300 million. The new group would form an entity called Restaurant Brands Sidecar LP. 

Neither Arby's nor Roark Capital responded to Axios, according to their story, and neither has responded to QSRweb's inquiry for further details. 

Topics: Business Strategy and Profitability, Financial News

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