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Roark-backed Driven Brands targets $760m for IPO: Reuters

Roark-backed Driven Brands targets $760m for IPO: Reuters
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Meineke franchisor Driven Brands going public

The firm s 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, positions she has held since March 2020 Scott O Melia, executive vice president, general counsel and secretary, positions he has held since May 2020. Daniel Rivera, executive vice president and group president, maintenance, covering the Meineke and Take 5 brands. He joined Driven Brands in 2012.

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