M&A Deal Summary

Roark Capital Group Acquires Primrose Schools

On June 16, 2008, private equity firm Roark Capital Group acquired franchising company Primrose Schools from American Capital

Acquisition Highlights
  • This is Roark Capital Group’s 3rd transaction in the Franchising sector.
  • This is Roark Capital Group’s 8th transaction in the United States.
  • This is Roark Capital Group’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2008-06-16
Target Primrose Schools
Sector Franchising
Buyer(s) Roark Capital Group
Sellers(s) American Capital
Deal Type Secondary Buyout

Target

Primrose Schools

Atlanta, Georgia, United States
Primrose Schools is a franchisor of pre-K schools providing high quality educational programs for children 6 weeks to 5 years old and after-school learning programs for 6 to 12 year olds. Primrose Schools was founded in 1982 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Roark Capital Group

Atlanta, Georgia, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 33.0B USD
Size Mega
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 44
Sector (Franchising) 3 of 12
Type (Secondary Buyout) 5 of 20
State (Georgia) 2 of 7
Country (United States) 8 of 42
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Batteries Plus

Hartland, Wisconsin, United States

Batteries Plus is a franchisor and omnichannel retailer of batteries, light bulbs, and device repair services for both the direct-to-consumer and commercial channels. Batteries Plus Bulbs' comprehensive product offering serves a wide variety of applications including automotive, marine, power sports, lawn, and garden equipment, consumer electronics, security systems, and connected home applications. This selection is complemented by extensive category expertise and value-added services including diagnostics, installation, and recycling. Batteries Plus was founded in 1988 and is based in Hartland, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-31 Pet Valu

Markham, Ontario, Canada

Pet Valu is Canada's leading retailer of pet food and pet-related supplies with over 600 corporate-owned or franchised locations across the country. For more than 40 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, a premium product offering and engaging in-store services. Pet Valu's neighbourhood stores offer more than 7,000 competitively-priced products, including a broad assortment of premium, super premium, holistic and award-winning proprietary brands. Pet Valu was incorporated in 1976 and is based in Markham, Ontario.

Buy CA$144M

Seller(S) 1

SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 90 of 194
Sector (Franchising) 2 of 2
Type (Secondary Buyout) 29 of 71
State (Georgia) 5 of 10
Country (United States) 89 of 186
Year (2008) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-01 DanChem

Danville, Virginia, United States

DanChem is a custom manufacturer (toller) of fine and specialty chemical products providing capacity and technical support to major companies on a national and global scale. DanChem’s unique manufacturing technologies and flexibility enable to meet challenging customer needs within various end markets to include paints and coatings; fibers and textiles; agrochemicals; adhesives and sealants; performance polymers; additives; bio-based and renewable chemicals; water treatment; transportation; lubricants; personal care products; and pharmaceutical intermediates. DanChem was founded in 1960 and is based in Danville, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-26 Safemark

Orlando, Florida, United States

Safemark is a provider of technology-enabled secure storage, mobility and guest amenity solutions. Safemark operates three brands (Safemark, Best Lockers and ScooterBug) whose products enable the Company to reach a broad set of end markets, including water parks, theme/amusement parks, resorts, hotels, zoos, and casinos, among others.

Sell -
Mergr

Product

Company

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