November 22, 2006
Acquisitive Private Equity Fund Buys Schlotzsky's
The Atlanta private equity fund Roark Capital Group, acting through its affiliate Focus Brands according to this article, has acquired Schlotzsky's, the Austin, Texas-based quick casual restaurant franchisor. Schlotzsky's currently has 365 franchised and company-owned locations. Schlotzsky's will become a wholly-owned subsidiary of Focus, and Bobby Cox, who led the prior Schlotzsky's ownership group, will become a member of the Focus board. Schlotzsky's is the eleventh franchise brand that Roark has acquired; others include Carvel and Cinnabon.
Posted by franchiselawblog at November 22, 2006 11:32 AM