By: Economic & Finance Report
P.E. firm Roark Capital will buy Subway franchises and subsidiaries for a reported $9.6 billion dollars. Roark Capital owns Inspire Brands & Focus Brands, home of Dunkin’, Baskin Robbins, Buffalo Wild Wings, Sonic, Arby’s, Jimmy John’s, Auntie Ann’s Pretzels and Jamba Juice.
Roark will not be involved in the day-to-day operations of Subway. The deal is considered the third largest restaurant chain acquisition deal ever. -SB
Image Source: REUTERS