Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its stores. Terms of the deal weren’t disclosed.
Franchise giant Subway confirms in a statement that it has now entered into a definitive agreement to be acquired by Atlanta-based private equity form Roark Capital.
Sandwich chain Subway said Thursday it will be sold to the private equity firm Roark Capital.Terms of the deal weren’t disclosed. Earlier this week, The
Subway agreed to be acquired by Roark Capital in a deal that the sandwich chain’s chief executive said would help spread thousands of new locations around the world.
Subway would sell itself to private equity Roark Capital for $9.55 billion after agreeing to attach conditions to some of the windfall the two families that own it will get,
By Jordan Valinsky, CNN New York (CNN) — Subway has sold itself to private equity firm Roark Capital, ending a six-month long search for a buyer. It brings to an end the sandwich chain’s near six-decade run as a family-owned business.
Sandwich chain Subway has been owned by the families of its founders for nearly six decades, but in February announced it was exploring a possible sale.
Subway said Thursday that it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its stores.
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Subway bought by Roark Capital, parent company of Jimmy John's | Since Then
