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Atkins Nutritionals Purchased By Private Equity Firm Roark Capital Group

December 10, 2010: 07:32 PM EST

Affiliates of Roark Capital Group have acquired well-known weight management brand, Atkins Nutritionals, for an undisclosed amount from North Castle Partners. Atkins Nutritionals has been in business since 1989 and currently sells its products in roughly 30,000 retail stores in the United States and 20 other countries. The current management team will remain in place led by CEO Monty Sharma, who also invested in the acquisition. Ezra Field, Managing Director of Roark, says the acquisition fits Roark’s strategy investing in strong consumer brands with clear market positioning and opportunities. Roark Capital Group's strategy of acquiring middle-market private companies has led to a portfolio of around 3,500 franchisees generating $5 billion worldwide with over $1.5 billion in managed equity capital.

"Roark Capital Group to Acquire Atkins Nutritionals", PRNewswire, December 10, 2010, © PRNewswire
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