Roark Capital’s Acquisition of Mathnasium

Paul, Weiss, Rifkind, Wharton & Garrison represented an affiliate of Roark Capital, while Choate represented Mathnasium and its shareholders, including Symmetric Capital, in the transaction.

Roark Capital executed its acquisition of Mathnasium, a leading franchisor and operator of math learning centers with over 1,000 locations across 46 states and 12 countries. The transaction marks Roark’s 28th investment in a founder-owned company and 98th franchise/multi-location brand. Financial terms of the deal were not disclosed.

Mathnasium delivers customized learning plans designed to help students improve their math skills and develop confidence in the subject through fun and engaging live instruction.

Roark is an Atlanta-based private equity firm with $33 billion in assets under management. Roark focuses on investments in consumer and business service companies, with a specialization in franchised and multi-location business models in the restaurant, specialty retail, consumer and business services, and health, wellness and beauty sectors.

The Paul, Weiss team included corporate partners Jeffrey Marell (Picture), Sarah Stasny and Monica Thurmond, and counsel Suhan Shim; tax partner Scott Sontag; executive compensation partner Lawrence Witdorchic and counsel Jake Glazeski; intellectual property partner Claudine Meredith-Goujon; antitrust counsel Marta Kelly.

The Choate team included Geoff Alden, Associate, Judith Fiorini, Partner, Rees M. Hawkins, Partner, Lyndsey M. Kruzer, Principal, Brian P. Lenihan, Department Co-Chair – Business, Louis J. Marett, Practice Group Leader – Tax, Wells W. Miller, Partner, Andrew K. Norkiewicz, Associate, Jake K. Rosen, Associate, Juan Sebastian Sanchez, Associate.

Involved fees earner: Geoff Alden – Choate; Judith Fiorini – Choate; Rees Hawkins – Choate; Lyndsey Kruzer – Choate; Brian Lenihan – Choate; Louis Marett – Choate; Wells Miller – Choate; Andrew Norkiewicz – Choate; Jake Rosen – Choate; Juan Sebastian Sanchez – Choate; Jake Glazeski – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; Jeffrey Marell – Paul Weiss Rifkind Wharton & Garrison; Claudine Meredith-Goujon – Paul Weiss Rifkind Wharton & Garrison; Suhan Shim – Paul Weiss Rifkind Wharton & Garrison; Scott Sontag – Paul Weiss Rifkind Wharton & Garrison; Sarah Stasny – Paul Weiss Rifkind Wharton & Garrison; Monica Thurmond – Paul Weiss Rifkind Wharton & Garrison; Lawrence Witdorchic – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Choate; Paul Weiss Rifkind Wharton & Garrison;

Clients: Mathnasium; Roark Capital Group; Symmetric Capital;