Roark Capital Close to Buying Subway for $9.6B: Report

Photography: iStock/tupungato

Private equity firm Roark Capital (Atlanta) is close to finalizing a deal to acquire the Subway (Milford, Conn.) sandwich-shop chain for $9.6 billion, The Wall Street Journal reports. The private-equity firm, which already owns a portfolio of restaurant brands, has been engaged in a competitive auction for Subway, whose fleet consists of more than 37,000 franchise restaurants in 100-plus countries.

The sale process for Subway has been lengthy, lasting more than seven months.

VMSD Staff

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