Investment Summary

Roark Capital Group Exits Jimmy John’s Sandwiches

On September 25, 2019, Inspire Brands invested in franchising company Jimmy John’s Sandwiches from Roark Capital Group

Investment Highlights
  • This is Inspire Brands’ 2nd transaction in the Franchising sector.
  • This is Inspire Brands’ 5th transaction in the United States.
  • This is Inspire Brands’ 1st transaction in Illinois.

Investment Summary

Date 2019-09-25
Target Jimmy John’s Sandwiches
Sector Franchising
Investor(s) Inspire Brands
Sellers(s) Roark Capital Group
Deal Type Add-on Acquisition

Target

Jimmy John’s Sandwiches

Champaign, Illinois, United States
Jimmy John's Franchise LLC is a fast-casual submarine sandwich chain with nearly 2,000 restaurants located across the United States. Jimmy John's makes fresh, fast, and tasty sandwiches using freshly baked homemade bread, freshly sliced quality meats, and locally purchased, freshly sliced veggies. Jimmy John Liautaud is the Founder and Chairman of Jimmy John's Sandwiches.

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Investor(S) 1

Investor

Inspire Brands

Atlanta, Georgia, United States

Category Company
Founded 1964
Sector Franchising
DESCRIPTION

Inspire Brands is a global owner, operator, and franchisor of a portfolio of restaurant brands that includes more than 4,500 Arby’s, Buffalo Wild Wings, and R Taco locations. Inspire Brands was founded in 1964 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 5 of 7
Sector: Franchising M&A 2 of 3
Type: Add-on Acquisition M&A Deals 4 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-25 Sonic

Oklahoma City, Oklahoma, United States

Sonic Corp. owns and operates restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. Sonic Corp. was established in 1953 and is headquartered in Oklahoma City, Oklahoma.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-27 Anytime Fitness Asia

Taguig, Philippines

Anytime Fitness Asia is a gym brand and the fastest-growing co-ed fitness club franchise in the world. The company has over 3,000 locations in over 20 countries on 5 continents, signing up new members every 3 minutes. Its unique 24-hour, keyless-entry gyms give members access to all 3,000 locations globally and enable franchisees to minimize the overhead associated with labor and maintenance.

Buy -

Seller(S) 1

SELLER

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 12 of 19
Sector: Franchising M&A 1 of 2
Type: Add-on Acquisition M&A Deals 3 of 7
State: Illinois M&A 1 of 2
Country: United States M&A 12 of 18
Year: 2019 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-12 Il Fornaio

Corte Madera, California, United States

Il Fornaio is an upscale restaurant concept serving creatively prepared, premium-quality Italian cuisine based on authentic regional recipes. Il Fornaio's wholesale bakeries produce over 100 varieties of hand-made breads, pastries and other artisan baked goods for sale at their own locations. Il Fornaio was founded in 1980 and is based in Corte Madera, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-19 Drybar

Irvine, California, United States

Drybar is an operator of a multi-unit retail brand that provides professional blowouts (hair washing, drying, and styling). Drybar also offers an award-winning branded consumer product line of hair care and styling products. Drybar was founded in 2009 and is based in Irvine, California.

Sell -