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Margin

Dataset

The Roll-Up Tracker

Every deal covered on Margin, in one place — 3 episodes so far, so the sectors sit side by side on purpose. Filter by episode to read one at a time. Each row links back to the piece it appeared in and the reporting it came from.

26
Deals
7
Sponsors
4
Sectors
$37.5B
Disclosed value
Episode
Sponsor
Sector

26 of 26 deals

  • Mister Car Wash$3.1B

    Take-private

    Agreed2026-02Car wash
    Leonard Green and Partners
    Car washCleary Gottlieb — Mister Car Wash's $3.1 Billion Take-Private
  • Dave's Hot Chicken$1B

    Acquisition

    Completed2025-06Restaurant franchising
    Roark Capital
    Restaurant roll-upsBarchart — Dave's Hot Chicken sold to Subway owner Roark Capital in a $1 billion deal
  • ZIPS Car Wash—

    Bankruptcy filing (Chapter 11)

    Bankrupt2025-02Car wash
    —
    Car washMMCG Invest — U.S. Car Wash Chains: Performance, Differentiation, and Investment Landscape
  • Subway—

    Acquisition

    Completed2024-04-30Restaurant franchising
    Roark Capital
    Restaurant roll-upsNation's Restaurant News — Roark Capital completes its purchase of Subway
  • WeWork—

    Majority stake (bankruptcy exit)

    Completed2024Coworking real estate
    —
    WeWorkBisnow — Yardi to become WeWork's majority owner in bankruptcy exit plan
  • WeWork—

    Chapter 11 filing

    Bankrupt2023-11-06Coworking real estate
    —
    WeWorkCNBC — WeWork files for bankruptcy
  • Flow$350M

    Venture investment

    Completed2022-08Residential real estate
    Andreessen Horowitz
    WeWorkTechCrunch — a16z backs Adam Neumann's new venture, Flow, with $350M
  • WeWork$9B

    SPAC merger

    Completed2021-10Coworking real estate
    —
    WeWorkBloomberg — WeWork agrees to $9 billion SPAC deal
  • Krispy Kreme—

    IPO

    Exited2021Restaurant franchising
    JAB Holding
    Restaurant roll-upsRestaurant Business Online — JAB Holdings heads for the exits
  • Mister Car Wash—

    IPO (New York Stock Exchange)

    Exited2021Car wash
    Leonard Green and Partners
    Car washCleary Gottlieb — Mister Car Wash's $3.1 Billion Take-Private
  • Dunkin' Brands (Dunkin', Baskin-Robbins)$11.3B

    Acquisition (announced, including debt)

    Completed2020-10-30Restaurant franchising
    Roark Capital
    Restaurant roll-upsCNBC — Inspire Brands to buy Dunkin' Brands Group for $11.3 billion including debt
  • WeWork—

    IPO (withdrawn)

    Held2019-09-30Coworking real estate
    —
    WeWorkCNBC — The strangest and most alarming things in WeWork's IPO filing
  • WeWork$2B

    Minority investment

    Completed2019-01Coworking real estate
    SoftBank
    WeWorkForbes — WeWork's rise to $47 billion and fall to bankruptcy: a timeline
  • Jimmy John's—

    Acquisition

    Completed2019Restaurant franchising
    Roark Capital
    Restaurant roll-upsWikipedia — Inspire Brands
  • Arby's, Buffalo Wild Wings and Sonic Drive-In—

    Merger into holding company

    Completed2018Restaurant franchising
    Roark Capital
    Restaurant roll-upsWikipedia — Inspire Brands
  • Jamba—

    Acquisition

    Held2018Restaurant franchising
    Roark Capital
    Restaurant roll-upsRestaurant Business Online — How is Roark Capital's track record? It's complicated
  • WeWork—

    Minority investment

    Completed2017Coworking real estate
    SoftBank
    WeWorkYahoo/Reuters — Timeline of SoftBank's bets on WeWork
  • Mister Car Wash—

    Investment

    Completed2014Car wash
    Leonard Green and Partners
    Car washCleary Gottlieb — Mister Car Wash's $3.1 Billion Take-Private
  • CKE Restaurants (Carl's Jr., Hardee's)—

    Acquisition

    Held2013Restaurant franchising
    Roark Capital
    Restaurant roll-upsRestaurant Business Online — How is Roark Capital's track record? It's complicated
  • Carvel—

    Acquisition

    Held2001Restaurant franchising
    Roark Capital
    Restaurant roll-upsRestaurant Business Online — How is Roark Capital's track record? It's complicated
  • Corner Bakery—

    Divestiture at a disappointing valuation

    Exited—Restaurant franchising
    Roark Capital
    Restaurant roll-upsRestaurant Business Online — How is Roark Capital's track record? It's complicated
  • Naf Naf Grill—

    Divestiture at a disappointing valuation

    Exited—Restaurant franchising
    Roark Capital
    Restaurant roll-upsRestaurant Business Online — How is Roark Capital's track record? It's complicated
  • Au Bon Pain—

    Divestiture

    Exited—Restaurant franchising
    JAB Holding
    Restaurant roll-upsRestaurant Business Online — JAB Holdings heads for the exits
  • Take 5 Car Wash locations$385M

    Acquisition

    Completed—Car wash
    Oaktree Capital
    Car washMergr — Oaktree Capital Management and Alvarez & Marsal Capital Acquire Whistle Express Car Wash
  • Quick Quack Car Wash$850M

    Minority stake

    Completed—Car wash
    KKR
    Car washMMCG Invest — U.S. Car Wash Chains: Performance, Differentiation, and Investment Landscape
  • WeWork$9.5B

    Rescue financing

    Completed—Coworking real estate
    SoftBank
    WeWorkCNBC — SoftBank CEO calls WeWork investment "foolish," valuation falls to $2.9B

Compiled from public reporting. Not investment advice. Spotted an error or a missing deal? Reply to the newsletter and it gets fixed.