Investment Summary

Roark Capital Group Invests In Orangetheory Fitness

On February 17, 2016, private equity firm Roark Capital Group invested in franchising company Orangetheory Fitness

Investment Highlights
  • This is Roark Capital Group’s 8th transaction in the Franchising sector.
  • This is Roark Capital Group’s 26th transaction in the United States.
  • This is Roark Capital Group’s 5th transaction in Florida.

Investment Summary
Date 2016-02-17
Target Orangetheory Fitness
Sector Franchising
Investor(s) Roark Capital Group
Deal Type Growth Capital
Advisor(s) Piper Jaffray Companies (Financial)

Target

Orangetheory Fitness

Boca Raton, Florida, United States
Orangetheory Fitness is a franchisor of high intensity training studios. Orangetheory is a heart-rate based total-body group workout that combines science, coaching and technology to produce maximum results from the inside out. Workouts are typically 1-hour long and are led by trained coaches, incorporating endurance, strength, and power to guide members through 5 different heart rate zones. The workout aims to increase excess post-exercise oxygen consumption (EPOC or the 'Orange Effect') whereby participants can continue to burn a higher rate of calories for 24 to 36 hours after their workout. Orangetheory Fitness is based in Boca Raton, Florida.

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Investor(S) 1

Investor

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 28 of 44
Sector (Franchising) 8 of 12
Type (Growth Capital) 3 of 5
State (Florida) 5 of 5
Country (United States) 26 of 42
Year (2016) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 Honors Holdings

Atlanta, Georgia, United States

Honors Holdings is a franchisee of Orangetheory Fitness with studio locations in Georgia, Tennessee, South Carolina, Oregon, Washington, and international locations in the United Kingdom. Honors Holdings is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-27 Drybar Holdings

Irvine, California, United States

Drybar Holdings LLC 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 Holdings was founded in 2009 and is based in Irvine, California.

Buy -
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