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Roark Capital, Arby Owners, Nears $9.6 Billion Deal to Acquire Subway, Reports Say

Roark Capital, the private equity firm known for owning restaurants like Arby’s and Buffalo Wild Wings, is reportedly close to finalizing a deal to acquire sandwich chain Subway for approximately $9.6 billion. The acquisition deal could be completed within this week, according to sources familiar with the matter cited by the Wall Street Journal.

Subway, which operates around 37,000 restaurants across more than 100 countries, had announced earlier this year that it was exploring a potential sale of its business. The company has been seeking a buyer willing to meet its price expectations, which reportedly exceed $9 billion.

Private equity firms TDR Capital and Sycamore Partners had also been in talks to acquire Subway, but it seems Roark Capital has emerged as a strong contender in the bidding process.

Roark Capital is known for investing in franchised consumer and business services sectors, with holdings that include brands like Arby’s, Baskin-Robbins, Buffalo Wild Wings, and Dunkin’, among others. Subway’s acquisition would be another significant addition to their portfolio.

Subway, founded in 1965, has experienced challenges and competition in recent years, but efforts to revamp menus, remodel restaurants, and enhance marketing strategies have led to a 9.3% increase in same-store sales in North America for the first half of 2023.

Subway’s potential acquisition by Roark Capital showcases the ongoing changes and consolidation within the restaurant industry as companies adapt to evolving consumer preferences and market dynamics.

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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