Atlanta-based private equity firm Roark Capital Group is considering a bid for the well-known sandwich chain Subway, according to sources familiar with the matter. The Milford, Connecticut-based company is reportedly seeking a valuation of more than $10 billion.
While Roark Capital is among the potential buyers, other private equity firms are also said to be contemplating bids for the fast-food giant.
Subway Exploring Sale, Seeking More Than $10 Billion Valuation
Subway, one of the largest restaurant chains globally, with roughly 37,000 franchise-run locations in over 100 countries, announced in February that it was exploring sale options and working with JPMorgan Chase & Co.
The company is reportedly seeking a valuation above $10 billion, though some suitors may value the business at as much as $8 billion, according to another source.
No Final Decision Made, Roark Could Opt Against Pursuing a Deal
No final decision has been made regarding Roark Capital Group’s potential acquisition of Subway. Sources who asked to remain anonymous have indicated that Roark could ultimately decide against pursuing a deal for the sandwich chain. Representatives for both Roark Capital and Subway have declined to comment or have not responded to requests for comment.
Roark Capital Group’s History with Restaurant Chains
Roark Capital Group, led by Managing Partner Neal Aronson and President Paul Ginsberg, has a history of backing restaurant chains, including the parent companies of Arby’s, Dunkin’ Donuts, Carvel, and Carl’s Jr. If Roark does decide to acquire Subway, it would add another iconic brand to their impressive portfolio.
As the situation develops, interested parties are closely monitoring whether Roark Capital Group, or any other suitor, will place a successful bid for Subway. With no final decision made, the future of the sandwich giant remains uncertain.
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In conclusion, Subway’s future remains uncertain as the company explores its sale options, seeking a valuation of more than $10 billion. Roark Capital Group, a private equity firm with a history of backing restaurant chains, is among the potential buyers considering a bid. However, no final decision has been made, and Roark could ultimately decide against pursuing the acquisition. As the situation unfolds, the general public, franchisees, and industry insiders alike will keep a close eye on the developments surrounding the potential sale of the popular sandwich chain.
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Frequently Asked Questions
1. Which private equity firm is considering a bid for Subway?
Roark Capital Group is among the potential buyers considering a bid for the sandwich chain Subway.
2. What is the valuation that Subway is seeking in its potential sale?
Subway is seeking a valuation of more than $10 billion for its potential sale.
3. How many franchise-run locations does Subway have worldwide?
Subway has approximately 37,000 franchise-run locations in over 100 countries worldwide.
4. Which financial institution is Subway working with to explore its sale options?
Subway is working with JPMorgan Chase & Co. to explore its sale options.
5. What other restaurant chains has Roark Capital Group backed in the past?
Roark Capital Group has backed restaurant chains including the parent companies of Arby's, Dunkin' Donuts, Carvel, and Carl's Jr.