Subway finds a buyer for its bread-centric restaurants
The sandwich chain will be snapped up by Roark Capital, ending a long acquisition quest.
Subway has announced that it has entered into a definitive agreement to be acquired by affiliates of Roark Capital. The transaction constitutes milestone in Subway's multi-year transformation journey, aimed at combining Subway's global presence and brand strength with Roark's deep expertise in restaurant and franchise business models.
Roark is a private equity firm with $37 billion in assets under management. Roark focuses on investments in consumer and business service companies, with a specialization in franchise and franchise-like businesses, and prides itself on being a trusted partner for management and business owners.