Roark’s $6.5 Billion Fundraise for Two Funds

Paul, Weiss advised Roark Capital Group in the formation of two private equity funds: Roark Capital Partners V, Roark’s latest private equity flagship fund; and Roark Capital Partners II Sidecar, Roark’s first sidecar fund. Roark raised an aggregate total of $6.5 billion, with both funds exceeding their initial targets.

Roark V closed with $5 billion of commitments and the Sidecar Fund closed with $1.5 billion of commitments. Atlanta-based private equity firm Roark Capital Group is focused on consumer and business service companies, with a specialization in franchised and multi-unit business models in the restaurant, retail, consumer services and business services sectors.

The Paul, Weiss team included corporate partner Amran Hussein (Picture) and counsel Jyoti Sharma; tax partner Scott Sontag; and ERISA partner Robert Fleder and counsel Jason Ertel.

 

Involved fees earner: Amran Hussein – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Robert Fleder – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: Roark Capital Group;

 

Author: Ambrogio Visconti