News Article
Sandy Smith Discusses Sale of Arby’s to Roark Capital Group
August 18, 2011
ATLANTA—The biggest news in the restaurant industry this summer has been the sale of Arby’s to the Roark Capital Group, an Atlanta-based private equity firm.
The acquisition of the 3,600-restaurant chain continues the Roark Capital Group’s business plan of investing in proven brands, Womble Carlyle Corporate and Securities attorney John F. Sandy Smith told the Atlanta Journal-Constitution in a recent article.
“They buy brands you've been familiar with all your life; they're nice brands,” Smith told the newspaper. “There are plenty of ‘death spiral' brands, and they're not buying those.”
In January, Smith also discussed the break-up of the Arby’s/Wendy’s merger with the AJC.
This document is intended as an informational reminder and does not constitute legal advice. If you have any questions or would like to discuss a particular situation, please contact Womble Carlyle Sandridge & Rice, LLP. The purpose of this article is to provide general information about significant legal developments and should not be construed as legal advice on any specific facts and circumstances.