Sandwich chain Subway will be sold to fast-food investor Roark Capital

Sandwich chain Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management. Terms of the deal weren’t disclosed.
Sandwich chain Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management. Terms of the deal weren’t disclosed. Earlier this week, The Wall Street Journal reported that Roark was offering around $9.6 billion for the privately owned chain. Subway CEO John Chidsey said the deal reflects Subway’s long-term growth potential and the value of the brand. Subway plans to continue to modernize restaurants and expand internationally under Roark’s ownership. Roark specializes in franchised businesses and is the major investor behind multiple restaurant chains, including Arby’s, Dunkin’ and Buffalo Wild Wings.

From 'Try one for Pete's sake' to over 37,000 sites worldwide

Subway Is Being Sold to Roark Capital, Moving Away From Family

Subway sells to Atlanta's Roark Capital confirms deal to buy - South

Will Subway make Roark Capital too dominant? Not really

Subway

Subway Sandwich Chain Sale to Roark Could Mean Fewer US Locations

Roark Capital's Subway Acquisition: What Needs to Change?

Sandwich chain Subway will be sold to fast-food investor Roark

Subway has sold itself to a private equity firm, Business

Buyout firm Roark Capital sets conditions to clinch more than US$9

End of family ownership looms for sandwich maker Subway after $9bn

Subway agrees to be sold to Jimmy John's owner Roark Capital

Sandwich chain Subway will be sold to fast-food investor Roark Capital

Subway sandwich chain bought by Dunkin' owner Roark Capital

Subway Journey: Chain Sells for Billions to Roark Capital