Roark Capital Portfolio Company FOCUS Brands(R) to Acquire Auntie Anne’s(R)
SOURCE: FOCUS Brands World’s Largest Hand-Rolled Soft Pretzel Concept to Join FOCUS Brands’ Sister Companies Carvel ® Ice Cream, Cinnabon ® , Schlotzsky’s ® and Moe’s Southwest Grill ® ; Auntie Anne’s Is Roark’s 19th Franchise Investment and 8th in the Restaurant Industry ATLANTA, GA–(Marketwire – October 8, 2010) – Roark Capital, an Atlanta-based private equity firm, announced today that one of its portfolio companies, FOCUS Brands, has entered into a definitive agreement to acquire Auntie Anne’s, the franchisor of the world’s largest hand-rolled soft pretzel chain. Headquartered in Lancaster, Pa., Auntie Anne’s has nearly 1,100 stores in 44 states and 21 countries. The transaction is expected to close later this fall
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