Roark Capital, a US PE firm focused on leveraged buyout investments across franchise restaurant and food, health and wellness, and business services, has completed its acquisition of Subway in a deal valued at $9.6bn.
Subway, one of the world’s largest restaurant brands with almost 37,000 outlets in over 100 countries, is the latest addition to Roark’s portfolio of restaurant chains, which includes Arby’s and Buffalo Wild Wings, as well as Baskin-Robbins and Dunkin’, via the firm’s investment in Inspire Brands.
In a press statement John Chidsey, CEO of Subway, said: “The entire Subway system is excited that our sale to Roark is complete. As we look to our future, our growth journey is far from over. With a continued strategic focus on delivering better food and a better guest experience, our next chapter will be the most exciting yet.”
