Investment Summary

Roark Capital Group Exits The Simply Good Foods Company

On April 11, 2017, invested in food company The Simply Good Foods Company from Roark Capital Group, Audax Private Debt and ATP Private Equity Partners

Investment Highlights
  • This is transaction in the Food sector.
  • This is transaction in the United States.
  • This is transaction in Colorado.

Investment Summary

Date 2017-04-11
Target The Simply Good Foods Company
Sector Food
Sellers(s) Roark Capital Group
Audax Private Debt
ATP Private Equity Partners
Deal Type Merger

Target

The Simply Good Foods Company

Denver, Colorado, United States
website
The Simply Good Foods Company is a highly-focused food company with a product portfolio consisting primarily of nutrition bars, ready-to-drink shakes, sweet and salty snacks and confectionery products marketed under the Atkins®, Quest®, and Atkins Endulge® brand names.

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Seller(S) 3

SELLER

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 18.0B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Roark Capital Group is a private equity firm that focuses on middle-market investment opportunities. The Firm targets family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions, and corporate divestitures. Roark Capital Group pursues companies with revenues between $20 million and $5 billion, and EBITDA of $10 to $500 million. Roark Capital primarily invests in consumer and business services companies, with a particular interest in the franchise, food and restaurant, specialty retail, direct marketing and financial services sectors. Roark Capital Group was formed in 2001 and is headquartered in Atlanta, Georgia.


DEAL STATS #
Overall 8 of 14
Sector (Food) 1 of 1
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 7 of 13
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-28 American Dental Group, Inc. (dba Great Expressions Dental Centers)

Bloomfield Hills, Michigan, United States

American Dental Group, Inc. (dba Great Expressions Dental Centers) is a provider of dental care services in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 Jim ‘N Nick’s Bar-B-Q

Vestavia Hills, Alabama, United States

Jim ‘N Nick’s Bar-B-Q is a full-service restaurant brand specializing in authentic, made-from-scratch barbecue and Southern inspired cuisine prepared with high-quality, fresh ingredients. Jim ‘N Nick’s Bar-B-Q today has 37 locations in seven states, including Alabama, Colorado, Florida, Georgia, North Carolina, South Carolina and Tennessee

Buy -
SELLER

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
SizeMega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.


DEAL STATS #
Overall 35 of 44
Sector (Food) 3 of 3
Type (Merger) 3 of 4
State (Colorado) 2 of 2
Country (United States) 35 of 44
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-06 Source Refrigeration & HVAC, Inc.

Anaheim, California, United States

Source Refrigeration & HVAC, Inc. is a provider of commercial refrigeration services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 The Rocore Group

Indianapolis, Indiana, United States

Rocore Holdings is a designer and manufacturer of heat exchangers and related equipment used to cool air, water, or oil for a variety of applications. Rocore maintains five operating facilities in the USA & one outside the USA, plus multiple sales offices. Rocore supplies a wide variety of heat exchange solutions, products and services into its identified end market segments.

Sell -
SELLER

ATP Private Equity Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2001
PE ASSETS 8.4B EUR
SizeMega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 13 of 18
Sector (Food) 1 of 3
Type (Merger) 1 of 1
State (Colorado) 1 of 1
Country (United States) 6 of 10
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-20 Safway Services LLC

Waukesha, Wisconsin, United States

Safway Services LLC is a provider of scaffolding services and access solutions in North America for the industrial and commercial construction markets. The Company provides a comprehensive portfolio of services, including the design, engineering, erection, dismantling, rental and sale of scaffolding throughout the U.S. and Canada. In the industrial market, the Company services multiple end-markets, including refining, power generation, Canadian Oil Sands, chemical and pulp & paper.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 The Brock Group, Inc.

Houston, Texas, United States

Brock is a provider of industrial maintenance and capital project solutions (scaffolding, coatings, insulation, fabrications, painting, and various other soft crafts) that support the continuous and reliable operation and expansion of critical energy infrastructure and industrial processing facilities. For nearly 70 years, Brock has been a preferred service provider to many of the largest and most demanding refining, petrochemical, power generation, and industrial processing companies in North America.

Sell -