Indian Express News Feed

Report: Roark Capital Is Considering Purchasing Sandwich Chain Subway for $9.6 billion.

<p>According to a Reuters story, Roark Capital, which also owns the eateries Arby’s and Buffalo Wild Wings, is poised to reach an agreement to acquire the sandwich company Subway for around $9.6 billion.<img decoding=”async” class=”alignnone wp-image-140485″ src=”” alt=” download 93 3″ width=”1500″ height=”843″ srcset=” 299w,×84.jpg 150w” sizes=”(max-width: 1500px) 100vw, 1500px” title=”Report: Roark Capital Is Considering Purchasing Sandwich Chain Subway for $9.6 billion. 12″></p>
<p>According to the article, which cited sources, the purchase agreement may be signed this week. “Subway does not intend to make any further public comment regarding the process until the transaction has been completed,” the firm said in an email to Reuters.</p>
<p>According to a previous Reuters story, private equity companies TDR Capital and Sycamore Partners were in discussions to work together to purchase Subway, which said in February that it was considering selling the company.</p>
<p>According to a source cited by Reuters, the sandwich company was aiming for a transaction for well over $9 billion and was unsure if TDR and Sycamore could match its pricing expectations. The sources also said that there was a competing consortium lead by Roark Capital.</p>
<p>The private equity company Roark Capital has made investments in a number of franchised consumer and commercial service industries. It has invested in Inspire Brands, which is the parent company of many brands, including Arby’s, Baskin-Robbins, Buffalo Wild Wings, and Dunkin’.</p>
<p>Since its first location opened as “Pete’s Super Submarines” in Bridgeport, Connecticut, the founding families have owned Subway, which now has over 37,000 restaurant franchises in over 100 countries.</p>
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