13 January 2014
Category:
Franchising
Comments: Comments Off on Roark Capital Acquires Francorp Client CKE!

Roark Capital Acquires Francorp Client CKE!

Olympia Fields– According to QSRweb.com, Roark Capital Group announced that an affiliate has acquired a majority stake in CKE Inc., including 3,413 restaurants in 42 states and 30 foreign countries and U.S. territories, from funds managed by Apollo Global Management. This investment is Roark’s 29th multi-unit company and 17th restaurant brand. Terms of the transaction were not disclosed. This brings a total of 8 of Roark’s portfolio of 22 brands that are Francorp Clients that they have acquired.   Roark Capital has over $3 Billion in Equity Capital. Francorp clients in their portfolio include CKE, Auntie Anne’s, Carvel, Schlotzky’s, Primrose Schools, La Salsa, McAlister’s Deli, Fast Signs. Francorp, over its 38 year history, both in the US and Internationally, has developed a large number of fledgling startup companies into highly sought after candidates for the private equity and IPO markets.

 

Headquartered in Carpinteria, Calif., CKE owns, operates and franchises Carl’s Jr. and Hardee’s restaurants. Collectively the brand generates about $4 billion in annual system revenues, according to a company press release.

 

“We are pleased to welcome CKE’s brands to our restaurant family,” Neal Aronson, Roark managing partner, said in the release. “Led by CEO Andy Puzder, CKE is a well-run business with an excellent management team and passionate franchisees. We look forward to working with Andy and the team as they build on their success and continue to execute their strategic vision for Carl’s Jr. and Hardee’s.”

 

Since 1976, Francorp has been taking businesses to the next level through franchise expansion.  Francorp has consulted with over 10,000 companies and helped over 2,000 businesses making it the world’s oldest and largest franchise consulting firm.  While at Francorp, clients will get the expertise and experience needed to help you expand your business in the direction of success.  Francorp has assisted 37 of the top 100 franchisor companies proving the work produced by the professionals in each department is setting their clients up for success.

 

Interested in learning more about franchising and/or how to franchise your business?  Visit http://www.francorp.com to download the free e-book and take the franchise quiz today!  For more immediate assistance call 800-FRANCHISE (800-372-6244) to speak directly with a franchise analyst to learn more about taking your business the next level and beyond.

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