Highlighted transactions

Consumer

 

Drybar Holdings, LLC

Piper Jaffray served as exclusive financial advisor to Drybar Holdings, LLC on equity investments from Roark Capital Group.

Client Description

Drybar is based on a simple philosophy: focus on one thing and be the best at it. For Drybar, that's blowouts. The idea was a natural one for curly‐haired founder Alli Webb, a longtime professional stylist, who grew tired of overpaying for blowouts at traditional salons. Named one of the top "100 Brilliant Ideas" by Entrepreneur Magazine and one of New York Magazine's Boom Brands, Drybar is on track to have more than 75 retail locations by the end of 2016. The brand will continue adding to its popular line of hairstyling products and tools sold both online and in its own shops, as well as at Sephora and Nordstrom in the U.S. and Canada, and select Ulta Beauty doors nationwide. The Drybar Guide To Good Hair For All, the first book by Alli Webb, was published in October 2016 by Abrams Publishing.

Counterparty Description

Roark Capital Group focuses on consumer and business service companies with a specialization in franchised and multiunit business models in the retail, restaurant, consumer and business services sectors. Since inception, affiliates of Roark Capital have acquired 51 franchise/multi‐unit brands, which have generated $20 billion in annual system revenues from 22,000 locations in 50 states and 75 countries. Roark's current brands include Anytime Fitness, Arby's, Atkins Nutritionals, Batteries Plus Bulbs, Carl Jr.'s, Corner Bakery, Driven Brands, FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, McAlister's Deli, Moe's Southwest Grill and Schlotzsky's), Hardee's, Il Fornaio, Massage Envy, Miller's Ale House, Money Mailer, Naf Naf Grill, Pet Valu, Pet Supermarket, Primrose Schools, Waxing the City and Wingstop.


Back