Roark Capital-owned Driven Brands targets over $3 billion valuation in IPO

Driven Brands Holdings Inc, one of the largest U.S. auto services franchisers, is looking to raise as much as $760 million through an initial public offering, which would value the Roark Capital-owned company at about $3.4 billion.

Driven plans to sell 38 million shares of its common stock priced at between $17 and $20 apiece, it said in a filing on Thursday.

Last year, private equity firm Roark Capital, which acquired Driven from Harvest Partners in 2015, had considered selling it for about $2 billion, according to a Bloomberg report.

Driven reported $2.4 billion in sales in the nine months ended Sep. 26, 2020, generating $616 million in revenue, according to the filing.

The company will list its shares on the Nasdaq under the ticker symbol ‘DRVN’.

Morgan Stanley, BofA Securities, J.P. Morgan, Goldman Sachs and Barclays are the lead underwriters for the IPO.

Source: Reuters

Roark Capital-owned Driven Brands targets over $3 billion valuation in IPO

Can’t stop reading? Read more

Blackstone boosts Aligned Data Centers debt facility to over $1bn for expansion push

$11.2bn buyout talks put Thoma Bravo in pole position for Dayforce

FIA backs £500m World Rally Championship rights sale as private equity eyes bid

Get Ahead! Don’t miss our weekly curated news and insights…

Upcoming Events

Poland and CEE

Nordic

Benelux

Iberia

Switzerland

France

DACH

United Kingdom

Germany

Italy

South-East Asia

News and Insights

About us

My Account

Account Details

Addresses

Orders

Payment Methods

Private Equity Insights

info@pe-insights.com
Sloane Square House,
1 Holbein Place
SW1W 8NS
London, UK

©2025 by Private Equity Insights. All rights reserved.