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January 15, 2021
By Luisa Beltran Order Reprints Print Article Playtika Holding, the biggest IPO so far in 2021, went public Friday after pricing its offering above the level it had told investors to expect. Driven Brands also listed as well. Shares of Playtika (ticker: PLTK) opened at $33.40 and hit a high of $36.06. The stock closed Friday at $31.62, up 17.1%. The solid showing came after Playtika,... Close Playtika, 2021’s Biggest IPO So Far, Rises Nearly 17% Playtika Holding, ...
January 15, 2021
Roark Capital-Backed Driven Brands Climbs After $700 Million IPO Bloomberg 1/15/2021 Crystal Tse © Bloomberg via Getty Images A mechanic stacks used tires outside the service bay of a Goodyear Tire & Rubber Co. auto garage in Shelbyville, Kentucky, U.S., on Monday, July 25, 2016. The Goodyear Tire & Rubber Co. released earnings figures on July 27. (Bloomberg) -- Driven Brands Holdings Inc., an automotive services company backed by Roark Capital, rose 21% in its U.S. trading...
January 13, 2021
E-commerce installment lender. Virojt Changyencham/Getty Images Affirm priced its shares at $49 at the company's initial public offering on Tu...
January 13, 2021
The The The 3 Big Stories to Watch [Wednesday, January 13, 9:22 am] Impeachment. The House of Representatives is moving to impeach President Donald Trump for the second time, scheduling a vote for later today. While it is unclear if the impeachment move has requisite support from House Republicans and the Senate, the vote is consequential. If Trump is convicted in the Senate, he would be unable to hold public office ever again. What does this all mean for investors? It seems like the amount ...
January 8, 2021
Private equity-backed Driven Brands, which owns the auto body repair brand Meineke, shifted its initial public offering plans into gear Thursday by setting terms that could see North America's largest automotive services company rake in $703 million, with advice from Paul Weiss and Latham & Watkins.
January 8, 2021
Press release content from Business Wire. The AP news staff was not involved in its creation. Driven Brands Car Wash US Expands Georgia Footprint by Acquiring JJ Express Car Wash and Doctor Suds Car Wash January 7, 2021 GMT CHARLOTTE, N.C.--(BUSINESS WIRE)--Jan 7, 2021-- Driven Brands Car Wash US announced the acquisition of two car wash locations in Georgia – JJ Express in Decatur, an Atlanta suburb, and Doctor Suds in Kingsland near the Florida border. Car Wash US first entered the Atlanta ...
December 31, 2020
The firms principal stockholders are Driven Equity L.L.C. and RC IV Cayman ICW Holdings L.L.C., both of which are controlled indirect subsidiaries of Roark Capital Partners III LP ("Roark Capital Partners III") and Roark Capital Partners IV Cayman AIV LP ("Roark Capital Partners IV"), respectively. The management team at Driven Brands comprises: Jonathan Fitzpatrick, president, CEO and board director, positions he has held since July 2012. Tiffany Mason as executive vice president and CFO, po...